Refunding


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Related to Refunding: Advance refunding, Refunding Bonds

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 ?
Burr Ridge Park District (IL), $1,320,000 general obligation refunding park bonds, series 2006B (insured: FSA)
Dumas (AR), $1,330,000 sales & use tax refunding & improvement bonds, series 2006C (insured: Ambac Assurance Corp.
College Station (TX), $10,255,000 general obligation refunding bonds, series 2006 (insured: MBIA Insurance Corp.
Colonie (NY), $5,625,000 general obligation refunding bonds, series 2006 (insured: XL Capital Assurance Inc.
Hamilton County (OH), $385,685,000 sub lien sales tax refunding bonds, series 2006A (insured: MBIA Insurance Corp.
181 (IL), $10,000,000 general obligation school refunding bonds, series 2006 (insured: MBIA Insurance Corp.
79,855,000 health facilities revenue refunding bonds, series 1996A (insured: MBIA);
23,320,000 health facilities revenue refunding bonds, series 1994B (insured: Ambac);
13,125,000 Michigan State Hospital Finance Authority variable-rate refunding revenue bonds (Trinity Health Credit Group), series 2003B (Ambac insured) 'AA';
Hopatcong (NJ), $17,060,000 sewer refunding bonds, series 2006 (insured: by Ambac Assurance Corp.
Berens, CPA, of the Berens-Tate Consulting Group, verified the mathematical accuracy of debt service computations on the refunded bonds and income from the escrowed funds and securities pledged to those bonds, contained in schedules provided to them by Ziegler Capital Markets Group, underwriter for the refunding bonds.
verified the mathematical accuracy of debt service computations on the advance refunded bonds and income from the escrowed funds and securities pledged to those bonds, contained in schedules provided to them by Citigroup, underwriter for the refunding bonds.