refunding bond


refunding bond
noun
Etymology: refunding from gerund of refund (III)
: a bond issued to pay off an outstanding issue

Useful english dictionary. 2012.

Look at other dictionaries:

  • refunding bond — A bond which replaces or pays off outstanding bond which holder surrenders in exchange for new security. Fore v. Alabama State Bridge Corporation, 242 Ala. 455, 6 So.2d 508, 512. Also a bond given to an executor by a legatee, upon receiving… …   Black's law dictionary

  • Pre-Refunding Bond — A type of bond issued to fund another callable bond, where the issuer actually decides to exercise its right to buy its bonds back before the scheduled maturity date. The proceeds from the issue of the lower yield and/or longer maturing pre… …   Investment dictionary

  • bond — Synonyms and related words: Fannie Mae, Federal Agency bond, Ginnie Mae, Oregon boat, Series E bond, Series H bond, accident insurance, accord, accouple, accumulate, actuary, addition, adherence, adhesion, adhesive, adjunct, adjustment bond,… …   Moby Thesaurus

  • refunding escrow deposits — ( REDs) Financial instruments similar to pre refunding bonds. Tax law changes in 1984 restricted tax exempt pre refundings for certain types of municipal debt including airport and convention center related debt. To circumvent those restrictions …   Financial and business terms

  • Refunding Escrow Deposits - REDs — A type of forward financial contract that creates an obligation for its investors to purchase a particular bond issue at a specified yield at some date in the future. The money from investors is held in escrow and is used to purchase interest… …   Investment dictionary

  • Refunding — The process of retiring or redeeming an outstanding bond issue at maturity by using the proceeds from a new debt issue. The new issue is almost always issued at a lower rate of interest than the refunded issue, ensuring significant reduction in… …   Investment dictionary

  • Refunding — The redemption of a bond with proceeds received from issuing lower cost debt obligations ranking equal to or superior to the debt to be redeemed. The New York Times Financial Glossary * * * refunding re‧fund‧ing [riːˈfʌndɪŋ] noun [countable,… …   Financial and business terms

  • refunding — The replacement of existing securities using funds obtained from the issuance of new securities. American Banker Glossary redeeming a bond with proceeds received from issuing ( issue) lower cost debt obligations with ranking equal to or superior… …   Financial and business terms

  • bond — A certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. A long term debt… …   Black's law dictionary

  • bond — A certificate or evidence of a debt on which the issuing company or governmental body promises to pay the bondholders a specified amount of interest for a specified length of time, and to repay the loan on the expiration date. A long term debt… …   Black's law dictionary