Refunded Bond

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

See Also


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

Start with the Bond Basics

Term of the Week

Securities Act of 1933

Law designed to ensure that investors are provided with material information about new issues of securities offered for sale to the public.