When the total amount of a bond issue matures at a certain date at which time the bondholder can convert into shares of stock, the bonds are called callable bonds.

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Callable bonds are those that can be redeemed by the issuer before their maturity date, not converted into shares of stock. Convertible bonds are the ones that can be converted into a predetermined number of shares of the issuing company's stock.

When the Total Amount of a Bond Issue Matures at a Certain