callable

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Sure! Let's break down the word "callable."

Definition:

The word "callable" is an adjective that describes something, usually a financial instrument, that can be demanded for payment before its usual due date. For example, a callable bond is a type of bond that the issuer can pay off before the bond's maturity date.

Usage Instructions:

You can use "callable" when talking about financial products like bonds or loans. It indicates that the borrower or issuer has the option to pay back the loan or bond earlier than expected.

Examples:

1. Basic Example: "The company issued callable bonds, which means they can pay investors back before the bonds mature."
2. In a Sentence: "Investors should be aware that callable bonds may not provide the expected returns if the issuer decides to pay them off early."

Advanced Usage:

In finance, callable bonds are often discussed in terms of their yield and risk. Investors may consider callable bonds as having a higher risk compared to non-callable bonds since the issuer can pay them off early, potentially leaving the investor with lower returns than anticipated.

Word Variants:

• Callable (adjective): Describing the bond or loan.
• Call (verb): The act of demanding payment.
• Callable bond (noun): A specific type of bond that can be called before maturity.

Different Meanings:

1. General Use: In non-financial contexts, "callable" could describe anything that can be called or summoned, like a phone call that can be made to someone.
2. In Technology: Sometimes in programming, "callable" refers to functions or methods that can be called or executed.

Synonyms:

• Redeemable (in the context of bonds)
• Payable (in general financial terms)

Idioms and Phrasal Verbs:

• There aren’t specific idioms or phrasal verbs that include "callable," but you might hear phrases like "call a bond" or "call in a loan," which refer to the act of demanding payment.

Summary:

In summary, "callable" is a financial term that means something can be paid back early. It's mostly used in the context of bonds and loans. Understanding this term can help you grasp more complex financial discussions.

Academic

Adjective

1. subject to a demand for payment before due date
   • callable bonds