Refunding
A transaction in which refunding bonds are issued and their proceeds are used to pay off outstanding bonds.
bond-basics
Refunded Bond
Outstanding Bonds which are paid off with all or a portion of the proceeds of Refunding Bonds.
See Also
In Contrast With
Refunding Bond
Bonds issued in a refunding to pay off the refunded bonds.
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Financial Industry Regulatory Authority (“FINRA”)
A non-governmental entity that oversees and regulates a portion of the federal securities industry.