1. not able to be redeemed or paid off before maturity by the issuer
Usage: finance

Examples

• The noncallable bond provides investors with guaranteed interest payments until maturity.
• She preferred noncallable securities to protect against reinvestment risk.
• The company issued noncallable preferred stock to ensure stable financing.
• Noncallable bonds typically offer higher yields than callable ones.
• Investors value noncallable debt instruments for their predictable cash flows.
• The municipal bond was noncallable for the first ten years.