Callable Preferred Stock

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Dictionary Says

Definition of 'Callable Preferred Stock'

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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