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TeachMeFinance.com - explain Called bond historic definition... Called bond -- When the right is . reserved by a company which has emitted a bond to redeem (pay) it after a certain time and notice of the exercise of this right is given the bond is called in the bond is then a called bond. Interest on such a bond ceases after the bond is called. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.