A bond that can be retired prior to maturity by the issuer is a(n) ____________ bond.
A) convertible
B) secured
C) unsecured
D) callable
E) Yankee

Name: A bond that can be retired prior to maturity by the issuer is a(n) ____________ bond. A) convertible B) secured C) unsecured D) callable E) Yankee
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Callable bonds give the issuer the right to retire the debt before its maturity date, usually at a specified call price. This feature allows issuers to refinance debt if interest rates decline.

A Bond That Can Be Retired Prior to Maturity by the Issuer