CALLABLE BOND

a type of bond that allows the seller (ie, the issuer) to recover his/her funds prematurely. In other words, the person who gave the loan can ask for his/her money back (before the loan is due).

Usually the seller must pay a premium [at the time-of-sale] in order to have this privilege/option.

"callble bond" is synonymous with “redeemable bond”

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Feel free to use it throughout your financial/insurance life.

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CALLABLE BOND

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