callable callable  /ˈkɔ lə bəl/

Definition(s):

  • (adj) subject to a demand for payment before due date

Usage(s):

  1. Since January 1953, it has reduced the amount of Government securities maturing or callable from $74 billion to $63 billion.
  2. But, strangely enough, there remain only two French issues which are callable, and both of them small, one for $10,000,000 and one for $4,000,000.
  3. Within three years some seven billion dollars worth of Liberty Loans at rates as high as 4% will become callable.

News

  1. GDL Fund's Series B Cumulative Puttable and Callable Preferred Shares Goes Ex-Dividend Soon

    On 6/17/13, GDL Fund's Series B Cumulative Puttable and Callable Preferred Shares (NYSE: GDL.PRB) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 6/26/13. As a percentage of GDL.PRB's recent share price of $50.39, this dividend works out to approximately 0.74%, so look for shares of GDL.PRB to trade 0.74% lower ? all else being equal ? when GDL.PRB shares open for ...
    on June 13, 2013     Source: Forbes

  2. Gabelli Global Utility & Income Trust Concludes Rights Offering

    The Gabelli Global Utility & Income Trust is pleased to announce the completion of its transferable rights offering in which more than one million common shares and one million newly issued Series A Cumulative Puttable and Callable Preferred Shares are expected to be issued, totaling approximately $70 million.
    on June 13, 2013     Source: Business Wire via Yahoo! Finance

Quotes

  • "I would like to stress that this capital increase is innovative in at least two ways: firstly, it combines a rise in callable capital of EUR9 billion with a transfer of EUR1 billion of reserves to capital and, secondly, it includes provisions to...
    on May 14, 2010 By: Christine Lagarde Source: Wall Street Journal

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