Refunding

refunding of a high-coupon bond with a new, lower coupon bond.
Low-coupon bond refunding
refunding of a low coupon bond with a new, higher coupon bond.

Refunding
(1) The redemption of an obligation on or before its maturity in order to reduce the fixed-interest charge, ...

Refunding
The redemption of a bond with proceeds received from issuing lower-cost debt obligations ranking equal to or superior to the debt to be redeemed. ...

refunding
process of paying off maturing or outstanding debt with proceeds of a new issue, often at a lower interest cost to the issuer. The U.S.

Prerefunding
Definition: [crh] Procedure of floating a second bond at a lower interest rate in order to pay off the first Definition: d"bond at the first call date and to reduce overall borrowing costs.

Junior Refunding
Junior refunding refers to a refinancing of government or corporate debt. In a junior refunding the holders of bonds that are maturing in less than five years exchange those bonds for longer-term bonds.

Advance Refunding
Advance Refunding definition :
In the context of municipal bonds, refers to the sale of new bonds (the refunding issue) before the first call date of old bonds (the issue to be refunded).

Junior Refunding
Financial & Investment Dictionary:
Junior Refunding
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ADVANCE REFUNDING - In the context of municipal bonds, refers to the sale of new bonds (the refunding i...
ADVANCE-DECLINE (A-D) LINE - The advance-decline line graphs the ratio of stocks that have risen in val...

Advance Refunding
1. A bond issuance used to pay off another outstanding bond. The new bond will often be issued at a lower rate than the older outstanding bond.

refunding escrow deposits (REDs)
Financial instruments similar to pre-refunding bonds. Tax law changes in 1984 restricted tax exempt pre-refundings for certain types of municipal debt including airport and convention center related debt.

Refunding
The retiring of a debt instrument by issuing a new debt instrument.
Reg T Excess ...

REFUNDING BOND " Issuance of a new bond issue for the purpose of retiring an outstanding bond issue.

Refunding Escrow Deposits (REDs)
A financial instrument involving a forward purchase contract that obligates investors to buy bonds at a certain rate when issued.

Refunding
Reinvestment Risk
The risk that arises from the fact that dividends or any yields may not be eligible for investment to earn the rate of interest is called as the reinvestment risk.

Refunding Bonds
The issuance of a new bonds for the purpose of replacing outstanding bonds.
Registered Bond
A non-negotiable instrument in the name of the holder either registered as to principal or as to principal and interest.

REFUNDING BONDS - Bonds issued to retire bonds already outstanding. In a current refunding, outstanding bonds are called or mature within 90 days of the issuance of the refunding bonds.

Refunding Replacement of existing debt with a new issue of debt.
Regression Analysis A statistical technique for fitting best line through data.
Regular Dividend Dividend that is expected to be maintained at regular time intervals.

Refunding: Selling a new bond issue and using the proceeds to call an outstanding issue (usually done to decrease interest costs or extend maturity). Also called refinancing.

refunding A transaction in which bonds are called so they can be replaced with new debt, usually at a lower interest rate.
regime switching model A category of stochastic processes.

Prerefunding
Prerefunding may occur when a corporation plans to redeem a callable bond before its maturity date. If that's the case, the bond is identified as a prerefunded bond.

Prerefunding
Procedure of floating a second bond at a lower interest rate in order to pay off the first bond at the first call date and to reduce overall borrowing costs.
Present value ...

Junior Refunding
The refinancing of government debt maturing in one to five years by issuing new securities that mature in five or more years.
See: Debt Instrument; Government Obligations ...

Senior Refunding. The substitution of a loan maturing in 5 to 12 years with a loan maturing in 15 or more years. Often used to consolidate multiple loans or to extend the maturity date.

ADVANCE REFUNDING - For purposes of certain tax and securities laws and regulations, a refunding in which the refunded issue remains outstanding for a period of more than 90 days after the issuance of the refunding issue.

Refunding (of a bond)
Refunding of a bond is the replacement of one bond issue with another bond issue. It may be used to extinguish debt covenants or allow refinancing at a lower market rate, etc.

Refunding of a low coupon bond with a new, higher coupon bond.
Low price
This is the days lowest price of a security that has changed hands between a buyer and a seller.

Refunding Escrow Deposits - REDs
A type of forward financial contract that creates an obligation for its investors to purchase a particular bond issue at a specified yield at some date in the future.

A refunding rate that falls on the stopping curve.
Story stock/bond
A highly complex security that requires a long "story" so that investors may understand the corporation and be persuaded of its merits.
Straddle ...

Prerefunding
When a corporation plans to redeem a callable bond on the first date the bond can be called, it typically issues a second bond and invests the income it receives from that sale in safe investments, such as US Treasury notes or bonds.

Advanced Refunding - Is the technique of replacing one bond issue by another. This typically occurs when a municipality can borrow at more favorable terms than the outstanding issue.

quarterly refunding: The issuance of new 5 and 10-year notes by the Treasury Department every February, May, August and November.
qualified investment buyer (QIB): An investor who is permitted to acquire restricted securities.

In a Treasury refunding, the amount by which the par value of the securities offered exceeds that of those maturing.
NHA: ...

Senior refunding Replacement by the issuer of securities with 5-to 12-year maturities with securities of 15-year or longer maturities, in order to delay, reduce, or consolidate payment.

senior refunding The exchange of bonds for other bonds with longer maturity durations. Opposite of junior refunding. senior security A security that has priority over other securities, with respect to claims or bankruptcy liquidation.

Refinancing or RefundingExpand/Collapse
When new securities are sold by a government or a company and the money is used to pay off existing loans. The object may be to save interest costs, extend the maturity of the loan, or both.

pre-refunding/advanced refunding A procedure, in which a bond insurer floats (issues) a longer-maturity bond in order to pay off an earlier bond at the first call date (prior to maturity) in order to take advantage of a fall in interest rates.

Junior refunding Issuing of new securities to refinance government debt that matures in one to five years. Junior security A security that has a lower-priority claim on a company's assets and income than a senior security.

Low-coupon bond refunding
Refunding of a low-coupon bond with a new, higher-coupon bond.
Low grade
A bond with a rating of B or lower.

Net advantage of refunding
The net present value of the savings from a refunding.
Net advantage to leasing ...

[BEA] advance package advance refunding (A) The refunding of an outstanding issue of securities by the issuance and delivery of a new issue of securities prior to the date on which the outstanding issue of securities can be redeemed or paid in ...

Refundable Eligible for refunding under the terms of a bond indenture.

High-coupon bond refunding Refunding of a high-coupon bond with a new, lower coupon bond. High price The highest (intraday) price of a stock over the past 52 weeks, adjusted for any stock splits. High-yield bond See:junk bond.

Refunding
The replacement of government debt, often debt that is about to mature, with new longer-dated debt....(Read more)
Registered Competitive Market Maker ...

Municipality issued bonds issued intended to gain an interest rate advantage by refunding a higher-rate bond in ahead of their call date.

"Sale with the right of the seller to repurchase the property by refunding the purchase price.

A price protection guarantee extends assurances to a consumer that upon buying an item, if the customer finds the same item cheaper from another vendor, the original seller will match the price by refunding the difference to the buyer.

Refinancing - Same as refunding. New securities are sold by a company and the money is used to retire existing securities. Object may be to save interest costs, extend the maturity of the loan, or both.
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Banks were authorized to issue circulation to the full par-value of bonds deposited, and the tax upon circulation was reduced from 1% to 1/2 of I % in the case of circulation which was secured by the 2% refunding bonds, ...

A. No, there is no provision for refunding the tax once the service for indoor tanning services is purchased.

Dictionary Term
net advantage of refunding
Dictionary Term
net advantage to merging ...

Extraordinary Item An accounting term in the U.S. for a profit or loss to a company resulting from an unusual and rare occurrence or event. Examples include expropriation of properties by a foreign government or gains from refunding a BOND issue.

to take full advantage of the income tax breaks that are allowed for families of college students. Whether it is a child or yourself, there are many different income tax strategies that can help defray some of the education costs by refunding income ...

See also: Funding, Banks, Expense, Values, Indenture