💵 Cannot be ended early 📵 Cannot be reached

noncallable

7.8

You cannot end it, use it, or get your money back before a set date

adjective
/nɒnˈkɔːləbəl/

Specialized

: no rescatable

Since the loan is noncallable, the borrower cannot repay it before the end of its term.

Examples

Investors prefer noncallable bonds because they provide guaranteed interest payments until maturity.
ESOPs are a form of stock bonus plan designed to invest primarily in the employer's common stock and noncallable preferred stock convertible into common stock.

Academic text (1990)
The company issued noncallable shares, ensuring that investors will receive dividends without early redemption.

Antonyms

callable

Specialized

1 7.9

Able to be bought back by the company that sold it before the end date, usually at a fixed price

Compounds

noncallable bond

Specialized

8.2

A bond that the company or government that sold it cannot repay before the end date

How Callable

callable

Specialized

1 7.9

noncallable

Specialized

7.8

Surface Forms

noncallable positive

Morphology

noncallable = callable (semi-transparent) = non + call + able

Formed by 'non-' + 'callable', but the finance sense ('redeemed') is specialized and may not be obvious to an average B1 learner.

Etymology

The word noncallable comes from the parts non- 'not' and callable 'able to be called'. Here call means 'to take back', as when a company 'calls' a bond, so a noncallable bond or function cannot be taken back or ended early.