noncallable bond

Definitions of noncallable bond
  1. noun
    a bond containing a provision that the holder cannot redeem the security before a specific date (usually at maturity)
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    type of:
    bond, bond certificate
    a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
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