noncallability

English

Noun

noncallability (uncountable)

1. (finance) The property of not being callable.
   • 1965, Charles J. Christenson, Strategic Aspects of Competitive Bidding for Corporate Securities, page 22:

     Without the noncallability feature, the company could be expected to call the bonds and replace them with an issue carrying a lower interest rate if interest rates fell enough to justify the cost of refinancing.