Refunded Bond

Refunded Bond
Bonds whose funds are held in escrow invested in government securities like Treasury bonds until maturity. Such prerefunded bonds may have been ordinary bonds at time of issue. But now the funds are secured sufficiently to be completely fulfilled by such safe investments.

Random Finance Terms for the Letter S

  • Redeemable
  • Redemption
  • Redemption Charge
  • Redemption Cushion
  • Redemption Suspension
  • Reference Rate
  • Refundable
  • Refunded Bond
  • Refunding
  • Refunding Escrow Deposits