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LSDefine

Simple English definitions for legal terms

callable security

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A quick definition of callable security:

A callable security is a type of investment that can be redeemed or bought back by the issuer before its maturity date. It is a type of collateral or assurance given to a creditor to guarantee repayment of any money or credit extended to a debtor. A security can be an instrument that shows ownership rights in a company, creditor relationship with a company or government, or other rights. It can be a stock, bond, note, or other financial instrument. Securities have no intrinsic value and their value depends on the financial condition or future prospects of the issuer.

A more thorough explanation:

A callable security is a type of redeemable security. A security is collateral given or pledged to guarantee the fulfillment of an obligation. It can be an instrument that shows ownership rights in a company, creditor relationship with a company or government, or other rights. A callable security is a type of bond that can be redeemed by the issuer before it reaches maturity. This means that the issuer can "call" the bond back and pay the investor the principal amount plus any interest owed.

Let's say Company A issues a callable bond with a maturity of 10 years and an interest rate of 5%. After 5 years, interest rates in the market drop to 2%. Company A decides to call back the bond and issue a new bond with a lower interest rate. The investor who bought the callable bond will receive the principal amount plus any interest owed up until the call date.

This example illustrates how a callable security can benefit the issuer by allowing them to refinance at a lower interest rate, but it can also be a risk for the investor who may not receive the full return they expected if the bond is called back early.

callable preferred stock | called meeting

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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