Definitions for callable
ˈkɔ lə bəlcallable

Princeton's WordNetRate this definition:0.0 / 0 votes

1. callableadjective

   subject to a demand for payment before due date

   "callable bonds"

WiktionaryRate this definition:0.0 / 0 votes

1. callablenoun

   A callable bond.

2. callableadjective

   That can be called.

3. callableadjective

   That may be redeemed by its holder before it matures.

WikipediaRate this definition:0.0 / 0 votes

1. callable

   A callable bond (also called redeemable bond) is a type of bond (debt security) that allows the issuer of the bond to retain the privilege of redeeming the bond at some point before the bond reaches its date of maturity. In other words, on the call date(s), the issuer has the right, but not the obligation, to buy back the bonds from the bond holders at a defined call price. Technically speaking, the bonds are not really bought and held by the issuer but are instead cancelled immediately. The call price will usually exceed the par or issue price. In certain cases, mainly in the high-yield debt market, there can be a substantial call premium. Thus, the issuer has an option which it pays for by offering a higher coupon rate. If interest rates in the market have gone down by the time of the call date, the issuer will be able to refinance its debt at a cheaper level and so will be incentivized to call the bonds it originally issued. Another way to look at this interplay is that, as interest rates go down, the present values of the bonds go up; therefore, it is advantageous to buy the bonds back at par value. With a callable bond, investors have the benefit of a higher coupon than they would have had with a non-callable bond. On the other hand, if interest rates fall, the bonds will likely be called and they can only invest at the lower rate. This is comparable to selling (writing) an option — the option writer gets a premium up front, but has a downside if the option is exercised. The largest market for callable bonds is that of issues from government sponsored entities. They own many mortgages and mortgage-backed securities. In the U.S., mortgages are usually fixed rate, and can be prepaid early without cost, in contrast to the norms in other countries. If rates go down, many home owners will refinance at a lower rate. As a consequence, the agencies lose assets. By issuing numerous callable bonds, they have a natural hedge, as they can then call their own issues and refinance at a lower rate. The price behaviour of a callable bond is the opposite of that of puttable bond. Since call option and put option are not mutually exclusive, a bond may have both options embedded.

ChatGPTRate this definition:0.0 / 0 votes

1. callable

   In computing, "callable" refers to a code entity, such as a function or method, that can be invoked, executed or "called" with a specific name and parameters. Callables may also refer to objects that have a special method, often named "__call__", which allows the object itself to be invoked as if it were a regular function.

How to pronounce callable?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say callable in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of callable in Chaldean Numerology is: 3

2. Pythagorean Numerology

   The numerical value of callable in Pythagorean Numerology is: 3

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References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=callable
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Callable
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Callable
4. ^ ChatGPT
   https://chat.openai.com