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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".
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Investopedia explains 'Callable Preferred Stock'
You can think of preferred stock as a security somewhere in-between stocks and bonds.
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If you're new to the stock market and want the basics, this is the tutorial for you!
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Offering both income and relative security, these uncommon shares may work for you.
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