refunding bonds Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “refunding bonds” in the English Dictionary

"refunding bonds" in Business English

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refunding bondsnoun [plural]

uk   us   STOCK MARKET
new bonds that replace old bonds that have matured (= been paid back), and that may be sold for cash or exchanged for the older bonds: The Fund may also invest without limit in advance refunding bonds.
(Definition of refunding bonds from the Cambridge Business English Dictionary © Cambridge University Press)
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