consolidated bond

Consolidated Bond

A bond that pays off two or more outstanding bonds. A consolidated bond can come with a lower combined coupon rate that helps the issuer reduce its liabilities. See also: Consolidation loan, Refinancing.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

consolidated bond

A single bond issue used to replace two or more outstanding issues.
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.
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