a bond that can be redeemed before maturity at a predetermined price; bonds of this type, to a certain extent, insure the borrower against possible losses in the event of a decrease in interest rates after. bond sales.
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More detailsa bond that can be redeemed before maturity at a predetermined price; bonds of this type, to a certain extent, insure the borrower against possible losses in the event of a decrease in interest rates after. bond sales.
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