Callable bonds are a type of bond that the issuer can “call” or redeem before the maturity date. The specifics vary from bond to bond, but callable bonds always have one thing in common — the issuer ...

Prepayment risk refers to the chance that a borrower may repay the principal of a fixed-income security early, reducing returns for investors. Learn how it affects investments.

Learn about what partial redemption means for callable securities, how it works, and the process, benefits, and implications for investors and issuers.