Advance refunding - Definition

It is paying off Maturity bonds before its expiry date with bonds having a longer maturity date. Issuing bonds with longer maturity date to pay off an earlier bond to take advantage of fall in Interest Rate is also known as "prefunding".

Terms near "Advance refunding"

Advance retail sale
Advance-decline line
Adventure capitalist
Advertising sales ratio
Advisory letter
ADX Directional Movement index
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