Refund


Also found in: Dictionary, Thesaurus, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.
Related to Refund: Tax refund

Refund

To retire existing bond issues through the sale of a new bond issue, usually to reduce the interest rate being paid.

Refund

1. See: Tax refund.

2. The sale price of an asset that the seller may give back to the buyer if the buyer returns the asset.

3. See: Redeem.

4. See: Refunding.

refund

To retire securities with the funds that have been raised through the sale of a new security issue. Refunding usually occurs after a period of falling interest rates when firms issue new debt in order to retire existing debt having high coupon rates of interest. Refunding works to the disadvantage of existing bondholders, who must sell their securities before maturity (usually at a slight premium over face value) when proceeds can only be reinvested at a reduced yield. Also called refinance. See also call provision, nonrefundable, prerefunded bond.
References in periodicals archive ?
Advocates have compared rapid refund loans to other "predatory services" like high-interest payday loans.
At trial, the IRS argued (and the district court agreed) that the prescribed period applicable to the delinquent tax return should apply to the refund claim, invalidating the mailbox rule.
The moral of the story is to look before you leap when you get the refund check in the mail.
Then it had filed amended returns and had requested refunds.
The lessee claimed that it was entitled to the recovery of the tax refund since the owner would be unjustly enriched at lessee's expense if the owner received the refund.
A portion of the refund would go to the state, which has been using taxpayer money since January to buy electricity in an effort to prevent blackouts.
Employees who previously paid taxes on EABs now can get refunds for federal income taxes paid in 1995 and Social Security and Medicare taxes paid in 1995 and 1996.
But there are many property owners that accepted an offer of reduction at the end of last July that still don't have a remission letter - an official document issued by the Tax Commission necessary to apply for a refund and to show lenders so they will change the escrow requirements of the property.
Under current law, the Internal Revenue Service is not required where the refund is paid within 45 days of the filing of the taxpayer's original return (or the due date of the return, whichever is later).
Protective claims are commonly filed when a taxpayer's right to a refund is contingent on future events (such as pending litigation or an expected statutory or regulatory change) that will not be resolved until after the statute of limitations (SOL) expires.