Preferred stock that may be repurchased by the issuing corporation at a prestated price, usu. at or slightly above par value. [Cases: Corporations 68. C.J.S. Corporations §§ 177, 180–183.]
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callable preferred stock 可提前赎回的优先股 一种能被发行公司按预定价格赎回的优先股。
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call-protection clause. A clause in a bond issue or a callable-preferred-stock issue prohibiting the issuer from recalling the security during a specified period. [Cases: Corporations 68, 473. C.J.S. Corporations §§ 177, 180–183, 670.]
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