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What does call/callable mean?

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    Benton Li
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Call is like buy. Its twin antonym is put, which is like sell.

You might’ve heard of things like call options, and callable bonds.

When you exercise a call option. You are basically buying the specified assets.

When a bond is callable, it means the issuer can buy back (call back) their bond under certain conditions. By saying buy back I mean paying off the debt in advance. By doing so, you basically owe a debt to yourself.