callable

[ kaw-luh-buh l ]
/ ˈkɔ lə bəl /

adjective

capable of being called.
subject to redemption prior to maturity, as a corporate bond.
subject to payment on demand, as money loaned.

Origin of callable

First recorded in 1820–30; call + -able

British Dictionary definitions for callable

callable
/ (ˈkɔːləbəl) /

adjective

(of a security) subject to redemption before maturity
(of money loaned) repayable on demand