Refunding
A transaction in which refunding bonds are issued and their proceeds are used to pay off outstanding bonds.
bond-basics
Forward Delivery Bonds
Bonds that are priced on a determined date but are not issued and settled until a date further in the future.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Master Trustee
A trustee specifically acting in such capacity with respect to a master (trust) indenture.