noncallability

English

noncallability (uncountable)

(finance) The property of not being callable.
- 1965, Charles J. Christenson, Strategic Aspects of Competitive Bidding for Corporate Securities, page 22:
  Without the noncallability feature, the company could be expected to call the bonds and replace them with an issue carrying a lower interest rate if interest rates fell enough to justify the cost of refinancing.