example of sentence of the word retractable

[Iglo]

Business English Lesson, Advanced Level

ESL/EFL Test #388 "Bond Issues", question 1

An issuer may choose to redeem a ......... bond when current interest rates drop below the interest rate on the bond; that way the issuer can save money by paying off the bond and issuing another bond at a lower interest rate.

(a) callable
(b) convertible
(c) renewable
(d) retractable

Business English Lesson, Advanced Level

ESL/EFL Test #388 "Bond Issues", answer 1

An issuer may choose to redeem a callable bond when current interest rates drop below the interest rate on the bond; that way the issuer can save money by paying off the bond and issuing another bond at a lower interest rate.

Correct answer: (a) callable
_________________________

can you give me an example of sentence of the word retractable?

Iglo

[Mister Micawber]

.
Cats have retractable claws.
Jets have retractable landing gear.
.
_________________
Canadian-American native speaker
who teaches English for a living at Mister Micawber's
ESL cafe: Interview with Mister Micawber