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callable bond

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The convertibility, however, may be forced if the convertible is a callable bond, and the issuer calls the bond.
en.wikipedia.org
When you invest in a callable bond you face the risk that your principal may be redeemed and that you may have to reinvest your money at a lower rate.
www.jamaicaobserver.com
Some common types of bonds with embedded options include callable bond, puttable bond, convertible bond, extendible bond, and exchangeable bond.
en.wikipedia.org
With a callable bond, investors have the benefit of a higher coupon than they would have had with a non-callable bond.
en.wikipedia.org
Mortgage borrowers have long had the option to repay the loan early, which corresponds to a callable bond option.
en.wikipedia.org

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