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Finance Dictionary and Glossary of Investment Terms
Refund
Definition 1.
To retire existing bond issues through the sale of a new bond issue, usually to reduce the interest rate being paid.
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Definition 2.
Definition 1
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Definition 3.
A payment from the government for an individual's overpaid taxes. An individual in this situation is said to be "over-withholding." Federal income tax refunds are not taxable.
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