adj. That may be redeemed by its holder before it matures.
n. A callable bond.
the GNU version of the Collaborative International Dictionary of English
adj. subject to a demand for payment or redemption before the due date; -- of financial instruments.
WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
adj. subject to a demand for payment before due date
Word Usage
"We continue to fund a portion of our assets through long term callable brokered CDs, giving the bank flexibility should interest rates change in the future."