call option
A provision on a loan that requires the borrower to repay the loan in full before the end of the term. This is typically due to a breach of the terms of the loan, but may also be at the lender's discretion.
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The following dictionary definition list is provided for clarification only. Note that many definitions are not directly applicable to mortgages, loans or other financial terminology in this glossary. Used with permission: WordNet 2.1 Copyright 2005 by Princeton University. All rights reserved.
call
Noun: call, phone call, telephone call (a telephone connection) "she reported several anonymous calls"; "he placed a phone call to London"; "he heard the phone ringing but didn't want to take the call"
Noun: Call (a special disposition (as if from a divine source) to pursue a particular course) "he was disappointed that he had not heard the Call"
Noun: cry, outcry, call, yell, shout, vociferation (a loud utterance; often in protest or opposition) "the speaker was interrupted by loud cries from the rear of the audience"
Noun: call, claim ((/) )
Noun: birdcall, call, birdsong, song (the characteristic sound produced by a bird) "a bird will not learn its song unless it hears it at an early age"
Noun: call (a brief social visit) "senior professors' wives no longer make afternoon calls on newcomers"; "the characters in Henry James' novels are forever paying calls on each other, usually in the parlor of some residence"
Noun: margin call, call (a demand by a broker that a customer deposit enough to bring his margin up to the minimum requirement)
Noun: call (a demand for a show of hands in a card game) "after two raises there was a call"
Noun: call (a request) "many calls for Christmas stories"; "not many calls for buggywhips"
Noun: call (an instruction that interrupts the program being executed) "Pascal performs calls by simply giving the name of the routine to be executed"
Noun: call (a visit in an official or professional capacity) "the pastor's visits to his parishioners"; "a visit to a dentist"; "the salesman's call on a customer"
Noun: call ((sports) the decision made by an umpire or referee) "he was ejected for protesting the call"
Noun: call option, call (the option to buy a given stock (or stock index or commodity future) at a given price before a given date)
Verb: name, call (assign a specified (usually proper) proper name to) "They named their son David"; "The new school was named after the famous Civil Rights leader"
Verb: call, telephone, call up, phone, ring (get or try to get into communication (with someone) by telephone) "I tried to call you all night"; "Take two aspirin and call me in the morning"
Verb: call (ascribe a quality to or give a name of a common noun that reflects a quality) "He called me a bastard"; "She called her children lazy and ungrateful"
Verb: call, send for (order, request, or command to come) "She was called into the director's office"; "Call the police!"
Verb: shout, shout out, cry, call, yell, scream, holler, hollo, squall (utter a sudden loud cry) "she cried with pain when the doctor inserted the needle"; "I yelled to her from the window but she couldn't hear me"
Verb: visit, call in, call (pay a brief visit) "The mayor likes to call on some of the prominent citizens"
Verb: call (call a meeting; invite or command to meet) "The Wannsee Conference was called to discuss the `Final Solution'"; "The new dean calls meetings every week"
Verb: call (order or request or give a command for) "The unions called a general strike for Sunday"
Verb: call (order, summon, or request for a specific duty or activity, work, role) "He was already called 4 times for jury duty"; "They called him to active military duty"
Verb: call (indicate a decision in regard to) "call balls and strikes behind the plate"
Verb: call (stop or postpone because of adverse conditions, such as bad weather) "call a football game"
Verb: call (read aloud to check for omissions or absentees) "Call roll"
Verb: call (send a message or attempt to reach someone by radio, phone, etc.; make a signal to in order to transmit a message) "Hawaii is calling!"; "A transmitter in Samoa was heard calling"
Verb: call (declare in the capacity of an umpire or referee) "call a runner out"
Verb: call (utter a characteristic note or cry) "bluejays called to one another"
Verb: call (utter in a loud voice or announce) "He called my name"; "The auctioneer called the bids"
Verb: predict, foretell, prognosticate, call, forebode, anticipate, promise (make a prediction about; tell in advance) "Call the outcome of an election"
Verb: call (challenge (somebody) to make good on a statement; charge with or censure for an offense) "He deserves to be called on that"
Verb: call (consider or regard as being) "I would not call her beautiful"
Verb: call, call in (demand payment of (a loan)) "Call a loan"
Verb: call, call off (give the calls (to the dancers) for a square dance)
Verb: address, call (greet, as with a prescribed form, title, or name) "He always addresses me with `Sir'"; "Call me Mister"; "She calls him by first name"
Verb: call (make a stop in a harbour) "The ship will call in Honolulu tomorrow"
Verb: bid, call (make a demand, as for a card or a suit or a show of hands) "He called his trump"
Verb: call (require the presentation of for redemption before maturation) "Call a bond"
Verb: call (lure by imitating the characteristic call of an animal) "Call ducks"
Verb: call (challenge the sincerity or truthfulness of) "call the speaker on a question of fact"
Verb: call (rouse somebody from sleep with a call) "I was called at 5 A.M. this morning"
option
Noun: option (the right to buy or sell property at an agreed price; the right is purchased and if it is not exercised by a stated date the money is forfeited)
Noun: option, alternative, choice (one of a number of things from which only one can be chosen) "what option did I have?"; "there no other alternative"; "my only choice is to refuse"
Noun: choice, selection, option, pick (the act of choosing or selecting) "your choice of colors was unfortunate"; "you can take your pick"
- call option -
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