noncallable bond

Thesaurus

Noun

1.

noncallable bond - a bond containing a provision that the holder cannot redeem the security before a specific date (usually at maturity) bond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal