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refunding |
Also found in: Financial, Wikipedia | 0.02 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. See also: compensatory How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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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