called away

called away definition - finance
Eliminating an underlying security position by exercising a call option. A common stock position may be called away if a short call option is exercised. A bond position also may be called away by the issuer under call provisions that are embedded in the bond indenture.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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