A bond which is noncallable for a period of time after which it is freely callable is called a deferred call bond.

Name: A bond which is noncallable for a period of time after which it is freely callable is called a deferred call bond.
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A deferred call bond is a type of bond where the issuer cannot call back the bond for a certain period of time. After that period ends, the issuer has the option to call back the bond at any time.

A Bond Which Is Noncallable for a Period of Time