noncallable
/nɑnˈkɔːləbəl/
adjective
- Describing a bond or other financial security that cannot be redeemed (bought back) by the issuer before its maturity date.
- The company issued noncallable debt to assure buyers that their investment would last the full term.
- Investors often choose noncallable bonds for stable, predictable interest payments.
- Because the bond was noncallable, the investor knew the interest rate would not change early.
Antonyms