What give the issuer the right to retire the bond at certain times, typically if prevailing market interest rates fall below the rate on the bond?

Name: What give the issuer the right to retire the bond at certain times, typically if prevailing market interest rates fall below the rate on the bond?
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Call options give the issuer the right to retire the bond before its maturity, usually when market interest rates fall below the bond's rate, allowing the issuer to refinance at a lower cost.

What Give the Issuer the Right to Retire the Bond