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.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Mentioned in

References in periodicals archive

Shaikh wrote that the government is to release Rs22bn as sales tax refunds immediately, along with Rs1.7bn of income tax refunds (up to Rs100, 000) for all years.

Exporters get Rs22bn refunds via new system

"There's a difference between taxes and your refund," said Joseph Rosenberg, a senior research associate at the Urban-Brookings Tax Policy Center at the Urban Institute.

Millions of Americans could be surprised as their tax refunds shrink

AFTER three decades of hits and misses, value-added tax (VAT) payments and refunds have become easier for businesses as a result of the passage of the Tax Reform for Acceleration and Inclusion (TRAIN) Act, the Department of Finance said.

VAT payments, refunds made easier after 30 years because of TRAIN-DOF

The Centre said efforts are being made continuously to clear all the pending refund claims, wherever requisite information is provided and found eligible.

Centre clears GST refunds worth Rs 91,149 crore

"Most of the malls and retail groups have been engaged with us and are ready for VAT refund. We are engaging on a multi-level to have everyone on board.

Gulf - Unlimited VAT refunds for tourists visiting UAE

The Federal Tax Authority (FTA) has clarified that after submission of required documents, a tourist shall be able to claim the refund via credit card or in cash through a global operator, he said.

Tourists in UAE won't get retrospective VAT refund

'We hope that the failure to return RM16.046 billion of tax refunds is the last mega expose related to the misappropriation and misuse of taxpayers' money by the previous government.

You can get more money back now, Guan Eng tells taxpayers

One explanation for a delayed refund is increased scrutiny of returns that include certain refundable tax credits.

Explaining refund payment delays to clients

Question: Now that corporate tax rates have been reduced starting in 2018, does it make sense to look for refund claims in earlier tax years?

Refund Claims: Don't Leave Money on the Table

With the 2018 filing season in full swing, the IRS provided some basic tax and refund tips to clear up some common misbeliefs, such as all refunds are delayed, ordering a tax transcript is a "secret way" to get a refund date and calling the IRS or a tax professional will provide a better refund date.

IRS Mythbusters

For example, if you recently sold, traded, refinanced or even total your vehicle prior to the warranties/insurances expiring, you might want to check your eligibility for a refund. "Refunds are just not talked about within the industry," says the CEO of MWR.

A New Start-Up Company Aims to Help Automotive Consumers Receive Refunds for Extended Warranties, Gap Insurance, Maintenance Plans and More