Definition of "callable"
  1. A term referring to something that can be summoned or requested
How to use "callable" in a sentence
  1. The bonds were callable, which means the issuer had the right to pay them off before their maturity date.
  2. The company issued callable preferred shares which can be bought back by the organization at a scheduled time.
  3. The loan was callable, allowing the lender to require full payment of the loan at their discretion.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z