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Refunding |
Also found in: Financial, Wikipedia | 0.06 sec. |
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Reimbursing funds in restitution or repayment. The process of refinancing or borrowing money, ordinarily through the sale of bonds, to pay off an existing debt with the proceeds derived therefrom. |
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? References in periodicals archive |
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The Metropolitan Transportation Authority board on Monday approved a $9 million settlement with a company accused of overcharging the agency in a 1993 bond refunding transaction. In its letter, Bank of America asked the commissioners to sell the bond refunding by competitive bid, instead of by negotiated bid. 8 million in cashflow savings resulting from the bond refunding through fiscal 2012. |
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