Refunding
A transaction in which refunding bonds are issued and their proceeds are used to pay off outstanding bonds.
bond-basics
Refunding Bond
Bonds issued in a Refunding. The proceeds of the Refunding Bonds are used to pay off the Refunded Bonds.
See Also
In Contrast With
Refunded Bond
Outstanding bonds which are paid off with all or a portion of the proceeds of refunding bonds.
Start with the Bond Basics
Hundreds of Terms and Concepts
Gross Proceeds
Includes sale proceeds, investment proceeds, transferred proceeds (which, together with sale and investment proceeds equal the “proceeds” of the bonds) and replacement proceeds, all of which are defined in the Code.