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
Arbitrage
Profit from differences in markets. All tax-advantaged bonds are subject in one way or another to the arbitrage requirements, which are contained in Section 148 of the Code and the Treasury Regulations that go along with it.