A callable bond:

A) Can generally be called at any time after the date of issue.
B) Is generally redeemed at a discount.
C) Is most apt to be called when market interest rates rise.
D) Is another name for a zero-coupon bond.
E) Generally has a deferred call period.

Callable Bond

A type of bond that gives the issuer the right to repay the bond before its maturity date, typically at a predefined call price.

Deferred Call Period

A time frame during which a company cannot redeem a callable security, usually a bond, prior to a specified date.

Date Of Issue

The specific date on which a financial instrument, such as a bond or a stock, is issued to the public or enters the market.