Bonds that are subject to retirement prior to maturity at the option of the issuer are called

A) debentures
B) callable bonds
C) early retirement bonds
D) options

Callable Bonds

These are obligations the issuer may pay off before they come due, at an agreed upon price.

Retirement

The act of leaving one's job and ceasing to work, typically upon reaching a certain age or due to personal choice, often accompanied by receiving a pension or retirement savings.

Maturity

The point in time when a financial instrument, such as a bond or loan, reaches its due date and the principal must be repaid.