The risk of having a bond issuer request the bond back from the bondholder thus forcing the bondholder to reinvest the proceeds at a lower interest rate is called:

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This risk is known as call risk, as the bond issuer has the right to "call" or redeem the bond before its maturity date, which could result in the bondholder having to reinvest the proceeds at a lower interest rate. Reinvestment rate risk refers to the risk of not being able to reinvest proceeds at the same rate, but this risk is not caused by a bond issuer requesting the bond back. Interest rate risk is a broader risk that encompasses various risks related to changes in interest rates, including call risk and reinvestment rate risk.

The Risk of Having a Bond Issuer Request the Bond