Refunded Bond: What it Means, How it Works - Investopedia
https://www.investopedia.com/terms/r/refundedbond.asp
Refunded bonds, which are a subset of the municipal and corporate bond classes, are bonds that have their principal cash amount already held aside by the original issuer of the debt. This is often accomplished through the use of a sinking fund, an account a firm uses to set aside money earmarked to pay off the … See more
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