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1.
A call to a cellular phone that was not answered, where the caller leaves no message.

The called is expected to return the phone call.

See Phone Tag.
"Ooooh, I have a missed call... I'd better call them back!"
by Callmeback! March 21, 2008
 
2.
(n)
reminder or mobile phone call that acts as a reminder.

The intention of the caller is to remind the receiver of some particular event or task. Generally, the receiver would have made the request for a 'missed call'.

This term originated in India after the mobile boom. The caller identification is a default feature in most of the mobile phones; hence this peculiar use.
Oh! Geeta just gave me a missed call; I was supposed to ring cable operator.
by manju January 27, 2005