Close X



  • Term

    Main definition

  • Callable

    A bond issuer's ability to exercise a right to retire the bonds (redeeming them at a specific price).

    When an issuer calls a bond, the call price always includes the total of the principal amount of the bonds, the accrued but unpaid interest, plus a call premium. Usually a call price is expressed in terms of the original principal amount of the bond being retired, all accrued interest being repaid concurrently, such as callable at 105, which means $1,000 in original principal amount can be called for $1,050 plus accrued and unpaid interest.

Contact us Today

The Nick Yocca Law Firm is committed to answering your questions regarding business law, corporate compliance, and other important legal matters in Orange County.

We'll gladly discuss your case with you at your convenience. Contact us today to schedule an appointment!