| InvestHub.com's Finance Dictionary and Glossary of Investment Terms Refunding Definition 1.
Redeeming a bond with proceeds received from issuing lower-cost debt obligations with ranking equal to or superior to the debt to be redeemed. | Definition 2.
Issuing a bond to retire an existing bond. | Definition 3.
Retiring an outstanding bond issue at maturity by using money from the sale of a new offering. |
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