Corporations typically have the right to repurchase a debt issue prior to maturity at a fixed price.Such debt issues are said to be:
A)indentured.
B)protected.
C)convertible.
D)callable.

Question

Quizplus · Accepted Answer

Debt issues that can be repurchased by the issuer prior to maturity at a fixed price are typically referred to as callable bonds. This gives the issuer the flexibility to adjust their debt levels based on changing market conditions or their own financial needs.

Corporations Typically Have the Right to Repurchase a Debt Issue