new money
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New money
In a Treasury auction, the amount by which the par value of the securities offered exceeds that of those maturing.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
New Money
1. Funds that the U.S. Treasury receives when the face value from a new issue of Treasury securities exceeds the face value of maturing securities. It is calculated as the difference between the new issue and the maturing issue.
2. Informal for nouveau riche.
2. Informal for nouveau riche.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
new money
In corporate or U.S. Treasury debt refunding, the amount by which the par value of new securities exceeds the par value of the securities being refunded. The new money is the additional funds borrowed from the refunding operation.
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.