°A
bond that can be called (redeemed) by the
issuer prior to its
maturity, on certain
call dates, at call prices. On the call dates, the issuer has the
right, but not the
obligation, to buy back the bonds from the bond holders at the call price. Technically speaking, the bonds are not really bought and held by the issuer, but
cancelled immediately or no longer accrue interest at the original coupon rate.