Implied Call

Dictionary Says

Definition of 'Implied Call'

A right given to mortgage borrowers that allows them to call or pay-back a loan at any time. The call is implied, as it is included in most mortgages unless specified otherwise.
Investopedia Says

Investopedia explains 'Implied Call'

The implied call allows a borrower to refinance a mortgage when interest rates drop. In this case, the borrower will take out a new mortgage at the lower rate, using its proceeds to call the original debt.

Sign Up For Term of the Day!

Try Our Stock Simulator!

Test your trading skills!

Related Definitions

  1. Refinancing Risk

    1. The risk that ...
  2. Mortgage

    A debt ...
  3. Callable Bond

    A bond that can ...
  4. Call Provision

    A provision on a ...
  5. Refinance

    1. When a ...
  6. Delinquent

    The failure to ...
  7. Interest Rate Ceiling

    The maximum ...
  8. Fixed Interest Rate

    An interest rate ...
  9. Hybrid ARM

    A hybrid ...
  10. Prepayment Risk

    The risk ...

Articles Of Interest

  1. Mortgage Basics

    Learn how to navigate what may be your biggest and most important loan.
  2. How Mortgage Refinancing Affects Your Net Worth

    Find out how to determine whether refinancing will put you ahead or even more behind.
  3. Find The Best Mortgage Rates

    Search and compare the best fixed and adjustable mortgage rates in your area with Bankrate.com.
  4. Make A Risk-Based Mortgage Decision

    Find out how to choose which mortgage style is right for you.
  5. Behind The Scenes Of Your Mortgage

    Four major players slice and dice your mortgage in the secondary market.
  6. Common Liabilities That Hurt Your Net Worth

    Every penny that you keep out of the liability side of the net worth equation essentially ends up on the asset side.
  7. Profit From Mortgage Debt With MBS

    Mortgage-backed securities can offer monthly income, a fixed interest rate and even government backing.
  8. How Lender Overlays Prevent Mortgages

    Loan applications are increasingly being rejected because of lender overlays.
  9. Protect Your Personal Assets

    A family limited partnership (FLP) can go a long way toward securing your family's property.
  10. What You Should Know About Home Appraisals

    Home appraisals are an unbiased way to determine a home's value. Here is what you need to know about obtaining one.

comments powered by Disqus
Recommended
Loading, please wait...
Trading Center