One of the mysteries of the English language finally explained.
(of stocks and bonds) not subject to redemption before a certain date or until maturity.
- ‘The notes and accompanying interest payments are backed by the full faith and credit of the issuer and are either callable or noncallable.’
- ‘The data used was the set of all outstanding noncallable Government of Canada bonds for which at least one bid price was available between April 1992 and March 1995.’
- ‘So why buy noncallable bonds, especially since their yields are lower than callables?’
- ‘Yet, inexplicably, Treasury officials decided at that time of record-high interest rates to make 30-year bonds noncallable.’
- ‘Since all the convertible bonds in our sample are also callable, noncallable corporate bonds were excluded from the sample.’
Top tips for CV writingRead more
In this article we explore how to impress employers with a spot-on CV.