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.
- ‘Yet, inexplicably, Treasury officials decided at that time of record-high interest rates to make 30-year bonds noncallable.’
- ‘So why buy noncallable bonds, especially since their yields are lower than callables?’
- ‘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.’
- ‘Since all the convertible bonds in our sample are also callable, noncallable corporate bonds were excluded from the sample.’
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