Callable有两层意思：

(1)(贷款等)经通知即可期前偿付的

(2)(证券)经通知即可提前赎回的（指发行的证券在特定条件下可由发行机构于到期前赎回，也可用于可由发行公司赎回的优先股。）

在这两个词语中，callable的意思均为第二种。

Callable Certificate Of Deposit可提前赎回的存单

可赎回存单是指发行人在存单到期前的某个时间可以赎回的一种存单。虽然投资者对这类存单承担了更高的风险，潜在的回报率远高于标准存单。这种在金融工具生命周期内获得更多收益的可能性，使可赎回定期存单成为许多人可行的投资选择。拿着标准存单，投资者存下一定数量的钱，在存单到期之前，投资者可以提取利息，并将存单本金转入新的存单中，从而有效地从相同的初始投资中获得持续的利润。

A callable certificate of deposit (CD) is an FDIC-insured CD that contains a call feature similar to other types of callable fixed-income securities. Callable CDs can be redeemed (called away) early by the issuing bank prior to their stated maturity, usually within a given time frame and at a preset call price. This is most often done when interest rates move lower, allowing the issuing bank to stop paying CD holders higher than the prevailing rates.

Callable bonds早赎债券、可提前赎回的债券

发行人保留在到期前按特定价格，即早赎价，以履行其对债券的义务，而提前回赎的债券。

A callable bond, also known as a redeemable bond, is a bond that the issuer may redeem before it reaches the stated maturity date. A callable bond allows the issuing company to pay off their debt early. A business may choose to call their bond if market interest rates move lower, which will allow them to re-borrow at a more beneficial rate.

类似的还有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。）、callable note可赎回票据等。

以下为相关双语示例：

Callable bonds can be decomposed into bond and bond's call option, while puttable bonds can be decomposed into bond and bond's put option. 

可赎回债券可以分解成普通债券和债券看涨期权的组合，可回售债券可以分解成普通债券和债券看跌期权的组合。

The Callable Note includes the loan component and embedded derivatives (including the forward foreign currency contract and the autocallable derivative).

该可赎回票据包括贷款部份及内含衍生工具（包括远期外币合约及可自动赎回衍生工具）。