What is the meaning of REFUNDING?

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

Barry Goldsmith
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APABarry Goldsmith. (2010). refunding. Retrieved September 20, 2026, from http://smartdefine.org/refunding/definitions/1162022
ChicagoBarry Goldsmith. 2010. "refunding" http://smartdefine.org/refunding/definitions/1162022 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, refunding, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/refunding/definitions/1162022>.
MLABarry Goldsmith. "refunding" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/refunding/definitions/1162022>