Definition

Able to be called or summoned, often used in contexts like finance to describe bonds that can be redeemed by the issuer.

Example

The company issued callable bonds that investors could redeem at any time.

Conversation

Have you heard about those new callable bonds everyone's talking about?

Yeah, I read they’re pretty popular with investors right now.

I think it's interesting how they can be redeemed at any time.

Definitely! It gives more flexibility for the investors.

Synonyms & Antonyms

Root Explanation

Callable → It is formed from "call" (from Old English "ceallian", meaning to cry out or summon) and "-able" (meaning capable of or suitable for). The word "callable" means capable of being called or summoned.

Memory Tip

Think of being able to 'cry out' or 'summon' someone, which is what 'callable' means — something that can be called.

Visually Confused Words