Refunding

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Also found in: Financial.

Refunding

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.

See: compensatory
References in periodicals archive ?
1 billion bond refunding in August, which carried the lowest true interest cost of any major public power bond issue since the 1970s, will save Power Authority customers $370 million in lower debt payments over the life of the bonds.
to head a special underwriting group to structure and market a $150 million bond refunding, the largest MTA bond deal handled by a minority firm.
The financing package, which is for a three year period and can be extended for an additional two years, is part of a tax-exempt bond refunding of a portfolio of twelve apartment complexes totaling 2,942 units in Florida, Georgia, South Carolina, Indiana and Iowa.
Simon Wadsworth, CFO, said that MAA anticipates completing a further tax free bond refunding on its St.
The federal prohibition will be the last impediment to revenue sharing after the bond refunding is completed.
Establishing a steering committee with weekly meetings should be the standard approach for any bond refunding, and this step is usually implemented in varying degrees.
The Borrower will apply the net proceeds of this loan to fund certain capital improvements, and pay transactional, bond refunding and certain other costs.
has agreed to settle claims that it overcharged the Los Angeles Metropolitan Transportation Authority in a 1993 bond refunding, according to lawyers close to the situation.
The governor partially vetoed other provisions, including one that reduces savings from a proposed tobacco bond refunding.
Manage the bond refunding process and negotiate key business points to accomplish the City s objectives.