NON-CALLABLE
\nˈɒnkˈɔːləbə͡l], \nˈɒnkˈɔːləbəl], \n_ˈɒ_n_k_ˈɔː_l_ə_b_əl]\
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A type of financial equity that requires the payment of a penalty if it is redeemed before the maturity date. This protects the holder from the income loss that is caused by premature redemption. As such, the non-callability applies to new bonds for a few years after they are issued
By Henry Campbell Black
Word of the day
Proto Oncogene Proteins c erbB 2
- cell surface protein-tyrosine kinase that is found to be overexpressed in significant number adenocarcinomas. It has extensive homology can heterodimerize EGF EPIDERMAL GROWTH FACTOR), 3 receptor (RECEPTOR, 3) and the 4 receptor. Activation of erbB-2 receptor occurs during heterodimer formation with a ligand-bound erbB family members. EC 2.7.11.-.