NON-CALLABLE
\nˈɒnkˈɔːləbə͡l], \nˈɒnkˈɔːləbəl], \n_ˈɒ_n_k_ˈɔː_l_ə_b_əl]\
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A type of financial equity that requires the payment of a penalty if it is redeemed before the maturity date. This protects the holder from the income loss that is caused by premature redemption. As such, the non-callability applies to new bonds for a few years after they are issued
By Henry Campbell Black
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.