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.
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Hundreds of Terms and Concepts
Negative Pledge
A covenant that is the opposite of a pledge – a promise not to pledge property, generally money or other intangibles, to any party other than the issuer, a letter of credit provider or other intended beneficiary of the negative pledge.