Meaning of callable

call•a•ble

Pronunciation: (kô'lu-bul), [key]
— adj.
  1. capable of being called.
  2. subject to redemption prior to maturity, as a corporate bond.
  3. subject to payment on demand, as money loaned.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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