noncallable

[non-kaw-luh-buhl]

adjective

1. not capable of being called.

2. not subject to redemption prior to maturity, as securities.

3. not subject to payment on demand, as money loaned.

Word History and Origins

Origin of noncallable¹

non- + callable

Example Sentences

The note, issued in 2006, part of the first generation of ETNs, is a 30-year noncallable issue.

Read more on The Wall Street Journal

By law, issuers can raise money to refund noncallable bonds only once before those bonds mature.

Read more on New York Times

That might strike you as tantamount to financial and moral failure, but seen another way the late payers are taking advantage of the fact that mortgages are noncallable and also usually nonrecourse.

Read more on Forbes