Bonds issued with a provision that they may be called for redemption before the date of maturity are known as

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Bonds issued with a provision that they may be called for redemption before the date of maturity are known as callable bonds. The issuer has the option to redeem the bonds early, typically at a premium to the face value, which provides flexibility in managing their debt obligations and interest expenses.

Bonds Issued with a Provision That They May Be Called