Prerefunded
Definition, Meaning & Examples
Part of speech adjective
Quick meaning: Prerefunded is an adjective meaning (economics, of a bond) That the issuer agrees, in advance, to buy back before its scheduled maturity date.
Meaning
(economics, of a bond) That the issuer agrees, in advance, to buy back before its scheduled maturity date.
Example Sentences
Only now are they looking to invest in safe assets, like prerefunded bonds secured by United States government obligations.
Related Words
Related dictionary entries include bondholding, appropriated, debentured, bonded, assented, outstanding.
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Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
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