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.

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Accredited Investor

An investor satisfying the definition promulgated by the SEC in Rule 501 of Regulation D under the 1933 Act.