Bonds that give the issuer an option of retiring them before they mature are:
A) Debentures.
B) Serial bonds.
C) Sinking fund bonds.
D) Registered bonds.
E) Callable bonds.

Question

Quizplus · Accepted Answer

Callable bonds give the issuer the option to retire them before they mature, typically when interest rates have fallen, allowing the issuer to save money by issuing new bonds at a lower rate.

Bonds That Give the Issuer an Option of Retiring Them