Examlex
______ refers to the practice of removing offenders from society so that they will NOT engage in criminal behaviors for a certain period of time.
Callable
A feature of a financial instrument that allows the issuer to repurchase or redeem the instrument before its maturity date.
Yield To Call
The total return anticipated on a bond if it is held until the date it is called by the issuer, including interest payments and the call price.
Call Price
The price at which a bond or other financial security can be repurchased by the issuer before its maturity date, as specified in the callable feature.
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