bond-basics

Refunded Bond

Outstanding Bonds which are paid off with all or a portion of the proceeds of Refunding Bonds.

See Also

Refunding

A transaction in which refunding bonds are issued and their proceeds are used to pay off outstanding bonds.

In Contrast With

Refunding Bond

Bonds issued in a refunding to pay off the refunded bonds.

Hudson Yards Rail Yards

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Hundreds of Terms and Concepts

Pledge

A promise to set aside, dedicate and use exclusively for specified purposes certain categories of property, generally money or other intangibles.