callable common stock

callable common stock definition - business

callable common stock

Common stock of a subsidiary that is sold by the parent company and is subject to a stock purchase option agreement. The exercise price of the call generally steps up over time. Compare puttable common stock.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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