Implied Call

A right given to mortgage borrowers that allows them to call or pay-back a loan at any time. The call is implied, as it is included in most mortgages unless specified otherwise.

The implied call allows a borrower to refinance a mortgage when interest rates drop. In this case, the borrower will take out a new mortgage at the lower rate, using its proceeds to call the original debt.


Investment dictionary. . 2012.

Look at other dictionaries:

  • Implied call — The right of the homeowner to prepay, or call, the mortgage at any time. The New York Times Financial Glossary …   Financial and business terms

  • implied call — The right of the homeowner to prepay, or call, a mortgage at any time. Bloomberg Financial Dictionary …   Financial and business terms

  • Implied volatility — In financial mathematics, the implied volatility of an option contract is the volatility implied by the market price of the option based on an option pricing model. In other words, it is the volatility that, given a particular pricing model,… …   Wikipedia

  • Implied level of government service — The implied level of government service is the value of government benefits and services provided a person, partnership, corporation, or other legal entity over a given period of time, including the proportional value of general governmental… …   Wikipedia

  • Call sign — In broadcasting and radio communications, a call sign (also known as a callsign or call letters, or abbreviated as a call, or otherwise known as a handle) is a unique designation for a transmitting station. In some countries they are used as… …   Wikipedia

  • implied odds — noun The odds offered by the amount one must call against the amount currently in the pot plus the amount one stands to gain from future betting. (In contrast to pot odds) …   Wiktionary

  • Irrational call option — The implied call imbedded in the MBS. Identified as irrational because the call is sometimes not exercised when it is in the money (interest rates are below the threshold to refinance). Sometimes exercised when not in the money (home sold without …   Financial and business terms

  • irrational call option — The implied call imbedded in a MBS. Irrational because the call is sometimes not exercised when it is in the money (interest rates are below the threshold to refinance), and sometimes exercised when it is not in the money. Option exercise like… …   Financial and business terms

  • Put–call parity — In financial mathematics, put call parity defines a relationship between the price of a call option and a put option both with the identical strike price and expiry. To derive the put call parity relationship, the assumption is that the options… …   Wikipedia

  • Timer Call — The vanilla call (or put) is the root of all optional products, from warrants to very complex structured products. The principle hasn’t changed since its invention more than 3 decades ago. In 2007, a famous french bank reinvented this fundamental …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.