Called

Another termThe time period by the end of which a debt must be fully repaid. Also refers to the maturity period for exercised when an optionThe unilateral right to do something. For example, the right to renew a lease or purchase a property. is a callThe ability of a bond issuer to redeem a bond before its maturity date.. In the case of an option on a physical, the writerThe issuer, grantor, or seller of an option contract. of a call must deliver the indicated underlying commodityThe cash commodity underlying a futures contract. Also, the commodity or futures contract on which a when the option is exercised or called. In the case of an option on a futures contractAn agreement to purchase or sell a commodity for delivery in the future: (1) at a price that is determined, a futuresSee Futures Contract. positionAn interest in the market, either long or short, in the form of one or more open contracts. will be created that will require marginThe number of percentage points the lender adds to the index rate to calculate the interest rate of, unless the writer of the call has an offsetting position.