| 释义 |
refunding bonds
noun[ plural ]
STOCK MARKETukus
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.
Examples of refunding bonds
refunding bonds
In the spring of 1896, the city proposed to issue $500,000 of its refundingbonds in gold.
From Project Gutenberg
Refundingbonds are those issued in place of maturing bonds which the company does not wish to pay in cash.
From Project Gutenberg
Some of these maturities are paid off in cash--more often, refundingbonds are offered in exchange; seldom, indeed, are the maturing investments allowed to remain unreplaced.
From Project Gutenberg
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