refunding bonds Meaning in the Cambridge English Dictionary
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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 ​advancerefundingbonds.
(Definition of refunding bonds from the Cambridge Business English Dictionary © Cambridge University Press)
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