Callable Preferred Stock

What Does It Mean?
What Does Callable Preferred Stock Mean?
A type of preferred stock that carries the provision that the issuer has the right to call in the stock at a certain price and retire it. Also known as "redeemable preferred stock".
Investopedia Says
Investopedia explains Callable Preferred Stock
You can think of preferred stock as a security somewhere in-between stocks and bonds.
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