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Refunding |
Also found in: Financial, Wikipedia | 0.50 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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However, the series 2006A and series 2006B debt refunding and restructuring continues the authority's efforts beginning in 2004 to incrementally establish a more level Following the issuance of the series 2006 bonds and the debt refunding, UMass will have approximately $1. Although debt refunding issues this year will restructure some principal maturities, overall debt amortization remains rapid at 88% in 10 years. |
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