Advanced refunding

Advanced Refunding: Advanced refunding is the technique of replacing one bond issue with another bond issue. Advanced refundings typically occur when a municipality can borrow at more favorable terms than the terms of an outstanding bond issue.

on the Amex - or do they?" IDD, Aug. 22, 1994, p. 10.) Yield Burning Definition: The IRS's name for the dealer's crime of overcharging state and local governments and authorities for Treasury securities that they use in "advanced refunding" ...

See also: Stock, Interest Rate, Debt, Shares, Bonds