A type of refunding transaction in which the Refunding Bonds are issued more than 90 days before the Redemption or final Maturity, whichever is earlier, of the Refunded Bonds.
A transaction in which refunding bonds are issued and their proceeds are used to pay off outstanding bonds.
A refunding in which all refunded Bonds are redeemed within ninety days of the issuance of the refunding bonds.
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A type of redemption that applies specifically to bonds issued as term bonds provided in the bond resolution/ordinance and/or an indenture, pursuant to which an issuer or a conduit borrower is required to retire a specific amount of the outstanding principal of the term bond by redemption on specific dates.