prerefunded
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English[edit]
Etymology[edit]
Adjective[edit]
prerefunded (not comparable)
- (economics, of a bond) That the issuer agrees, in advance, to buy back before its scheduled maturity date
- 2009 September 19, Paul Sullivan, “Now Even Millionaires Can See the Benefits of Budgeting”, in New York Times[1]:
- Only now are they looking to invest in safe assets, like prerefunded bonds secured by United States government obligations.