capable of being called.
subject to redemption prior to maturity, as a corporate bond.
subject to payment on demand, as money loaned.
Origin of callable
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
(of a security) subject to redemption before maturity
(of money loaned) repayable on demand
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012