CALLABLE, a term relating to securities, meaning that the issuer retains the right to call in, repay, or redeem them under specified conditions. Callable or redeemable stock is that upon which the issuing company has retained the option, under the conditions and upon the terms specified in its certificate of in corporation, of redeeming it or buying it back from the stock holders. Callable or redeemable bonds are those which by the terms of their issue may be called for redemption by the issuing company before the date of their maturity.