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Pronunciation varies by accent · adjective
(economics, of a bond) That the issuer agrees, in advance, to buy back before its scheduled maturity date.
Only now are they looking to invest in safe assets, like prerefunded bonds secured by United States government obligations.
Use prerefunded when its meaning, tone and grammar fit the full sentence. A synonym is not always a direct replacement.
Prerefunded means (economics, of a bond) That the issuer agrees, in advance, to buy back before its scheduled maturity date.
The closest synonym depends on the sentence and intended sense.
The opposite depends on the specific sense.
Only now are they looking to invest in safe assets, like prerefunded bonds secured by United States government obligations.
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