Refunded Bond

0.01 sec.

Refunded bond

Also called a prerefunded bond, a bond that originally may have been issued as a general obligation or revenue bond but that is now secured by an escrow fund consisting entirely of direct U.S. government obligations that are sufficient for paying the bondholders.

Refunded Bond

A bond whose principal is held in an escrow account, generally invested in Treasury securities or something else risk-free, until such time as the bond matures. That means that there is no possibility of default on the principal; as a result, refunded bonds usually have the highest possible credit ratings. They are also called prerefunded bonds.

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Bono de refinanciacion Crossover Refunding Bond Crossover Refunding Bonds High-Coupon Bond Refunding Prerefunded Bond Prerefunding Refunding Bond			There are three types of refundings--current, advance and crossover refundings; they are distinguished by when the refunded bonds are called and the purpose of the escrow account created by the refunding bonds. Calculating a refunding savings with Mun-Ease by Wrasman, Brent / Government Finance Review The bonds were refunded on May 9, 2007 with proceeds of the corporation's limited obligation revenue refunding bonds, series 2007 (Heritage Community of Kalamazoo Project), and amounts securing the refunded bonds prior to the refunding. Fitch Rates Heritage Community of Kalamazoo Project (Michigan) $12MM ... by Business Wire Because the escrow account can only earn the low refunding bond rate, but must pay the high refunded bond rate, the escrow account requires more funds, resulting in a higher issue size, further resulting in a lower savings level. Understanding current and advance refundings by Jordan, Larry / Government Finance Review			Reestructuracion de la deuda Reestructuracion del capital Reestruturacao da divida REFCORP Reference Rate referral Referral Site refi refinance Refinanced Mortgage Refinancement de la dette Refinanciacion de la deuda Refinanciamento da divida Refinanciamiento Refinanciamiento de la deuda Refinancing Reflation Reforma reformation Refugio fiscal Refund Refund Annuity Refund Feature Refundable Refundable Credit Refunded Bond Refunding Refunding Bond Refunding Escrow Deposits Regalia Regime avec constitution de reserves Regime de caixa Regime de competencia Regime de taux de change double Regimen cambiario dual Regimen de caja de conversion Regional Bank Regional Check Processing Center Regional Exchange Regional Fund regional shopping center Regional Stock Exchange Regional Stock Exchanges Regionalism Regionalist registered agent for service Registered bond Registered Check Registered Company Registered Competitive Market Maker Registered Competitive Trader			refund annuity Refund Anticipation Check Refund anticipation loan Refund Feature Refund Intercept Request Refund of deposit refund of deposit by landlord Refund Statute Expiration Date refund to Refund Transfer Direct Deposit Refund, Tax Refund-Anticipated Return Refund/Fact of Filing refundable refundable refundable refundable Refundable Child Tax Credit Refundable Credit Refundable Credits Refundable Dividend Tax on Hand Refundable Modem Return Fee Refundable Security Deposit Refundable tax credit Refundable tax credit Refundable Tax Credits refunded refunded refunded refunded Refunded Bond Refunded Bonds refunder refunder refunder refunder refunding refunding refunding refunding refunding bond Refunding Bonds Refunding Escrow Deposit Refunding Escrow Deposit Refunding Escrow Deposits Refunding Escrow Deposits Refunding Escrow Deposits Refunding Escrow Deposits refundment refundment refundment refundment refunds refunds refunds refunds Refunds for School Funds REFURB refurbish refurbish refurbish

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