From Longman Business Dictionarycallablecall‧a‧ble /ˈkɔːləbəlˈkɒːl-/ adjective FINANCE if a loan, bonds, or shares are callable, they must be repaid whenever the lender or shareholder asks for them to be repaid, or when the borrower decides to repay them, within certain conditions when the loan is made or when the bonds or shares are first soldThe notes, which are callable after 10 years, leave the company some flexibility to refinance if rates are lower then.
