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Advance refunding
Issuing a longer-maturity bond in Order to pay off an earlier bond (usually prior to ITS maturity), in Order to take advantage of a Drop in Interest rates. also called Prerefunding .
Related Terms: 11
Call , Drop , Fund , Interest , Interest rate , ITS , Long , Maturity , Order , Prerefunding , Refunding
Semi Related Terms: 639 CLICK HERE TO VIEW
10-K ,
Adjustable rate ,
Accrual bond ,
Accrual of discount ,
Accrued interest ,
Accumulation bond ,
Advance refunding ,
Agency bond ,
American Municipal Bond Assurance Corporation ,
Amortization of premium ,
Assumed bond ,
At par ,
Authority bond ,
All or any part ,
Alternative order ,
At best ,
At call ,
Automated Order Entry System ,
Adjustable rate preferred stock ,
Absolute advantage ,
All-risks coverage ,
At risk ,
Add-on service ,
Abstract of title ,
Action to quiet title ,
As is ,
Assignment to creditors ,
Attorney in fact ,
Adjustable Rate Mortgage ,
Advance rate ,
Annual Percentage Rate ,
Applicable federal rate ,
Assignment of mortgage ,
Aggressive growth fund ,
A shares ,
Asset allocation fund ,
At the money ,
Absorption rate ,
Age-weighted plan ,
Additional paid-in capital ,
Ad valorem ,
At the bell ,
At the close ,
At the figure ,
At the full ,
At the market ,
At the opening order ,
Back pay ,
Books of final entry ,
Books of original entry ,
Burn rate ,
Banking Act of 1933 ,
Baby bond ,
Balanced fund ,
Balloon maturity ,
Bearer bond ,
Benchmark interest rate ,
Bid-to-cover ratio ,
Blanket bond ,
Blend fund ,
Bond anticipation note ,
Bond Buyer ,
Bond circular ,
Bond crowd ,
Bond equivalent yield ,
Bond fund ,
Bond indenture ,
Bond market ,
Bond ordinance ,
Bond quote ,
Bond resolution ,
Bond swap ,
Brady bond ,
Bullet bond ,
Bureau of Public Debt ,
Buying on margin ,
Buy limit order ,
Buy minus order ,
Buy on close ,
Buy on opening ,
Buy order ,
Buy stop order ,
Balance of payments ,
Bank Rate ,
Base interest rate ,
Board of Governors ,
Bill of exchange ,
Bill of sale ,
Breach of trust ,
Base rate ,
Blended rate ,
Broker loan rate ,
B shares ,
Break-even tax rate ,
Blow-off top ,
Breadth-of-market theory ,
Capitalized interest ,
Cost Of Goods Sold ,
Cost of sales ,
Credit order ,
Compound interest ,
Call ,
Callable bond ,
Call date ,
Called away ,
Called bond ,
Call price ,
Call protection ,
Call risk ,
Catastrophe bond ,
CAT bond ,
Certificateless municipal bond ,
Certificate of Participation ,
Collateralized Bond Obligation ,
Combination bond ,
Committee on Uniform Securities Identification Procedures ,
Commodity-backed bond ,
Consolidated bond ,
Corporate bond equivalent ,
Coupon bond ,
Coupon rate ,
Current coupon bond ,
Current maturity ,
Current production rate ,
Call money rate ,
Code of procedure ,
Contingency order ,
Contingent order ,
Capitalization of income ,
Capitalization rate ,
Cap rate ,
Civilian unemployment rate ,
Comparative advantage ,
Cost of Living Adjustment ,
Cost-of-living index ,
Council of Economic Advisers ,
Cheapest to deliver ,
Chicago Board of Trade ,
Cost-of-living rider ,
Certificate of stock ,
Cost of carry ,
Certificate of title ,
Cancellation of debt ,
Certificate of Claim ,
Consumer interest ,
Cost of debt capital ,
Cost of funds ,
Capital appreciation fund ,
Clone fund ,
Closed-end fund ,
Closed fund ,
Crossover fund ,
C shares ,
Call option ,
Call ratio backspread ,
Call swaption ,
Class of options ,
Close to the money ,
Covered call ,
Certificate of Occupancy ,
Cloud on title ,
Cash or Deferred Arrangement ,
Class A Shares ,
Class B Shares ,
Crash of 1929 ,
Crash of 1987 ,
Coefficient of determination ,
Certificate of delivery ,
Close a position ,
Curbs in ,
Deposit in transit ,
Date of issue ,
Date of payment ,
Deep-discount bond ,
Deferred interest bond ,
Discount bond ,
Discounted bond ,
Dollar bond ,
Dual currency bond ,
Day order ,
Designated Order Turnaround ,
Discretionary order ,
Division of Enforcement ,
Division of Investment Management ,
Division of Market Regulation ,
Date of record ,
Dividend in arrears ,
Dividend rate ,
Discount rate ,
Division of labor ,
De-escalation clause ,
De facto ,
Durable Power of Attorney ,
Date of maturity ,
Debtor in possession ,
Debtor-in-possession financing ,
Deed of Release ,
Deed of Trust ,
Discharge of bankruptcy ,
Discharge of lien ,
Due-on-sale clause ,
Dual-purpose fund ,
Deep in the money ,
Deep out of the money ,
Deed of Surrender ,
Department of Housing and Urban Development ,
Dogs of the Dow ,
Depth of market ,
Drop ,
Effective annual interest rate ,
Eurodollar certificate of deposit ,
Exact interest ,
Escrowed to maturity ,
Eurodollar bond ,
Euroyen bond ,
Either-or order ,
Exchange rate ,
Economic growth rate ,
E-mini ,
Exchange of spot ,
Equity funding ,
Effective tax rate ,
Ex-all ,
Explicit interest ,
Enhanced index fund ,
Environmental fund ,
Equity fund ,
Exchange fund ,
Employee Retirement Income Security Act of 1974 ,
First In First Out ,
Fidelity bond ,
First call date ,
Flight to quality ,
Floating-rate bond ,
Flow of funds ,
Free bond ,
Federal Call ,
Fill or kill ,
Front-ending an order ,
Fund supermarket ,
Floating exchange rate ,
Foreign exchange rate ,
Forward exchange rate ,
Forward P/E ,
Factors of production ,
Favorable balance of trade ,
Federal Reserve Discount Rate ,
Form 8-K ,
Form S-1 ,
Fund ,
Fixed rate ,
Fixed-rate loan ,
Fixed-Rate Mortgage ,
Floating rate ,
Forward interest rate ,
Forward Rate Agreement ,
Family of funds ,
Focused fund ,
Fund family ,
Fund manager ,
Fund of funds ,
Free right of exchange ,
General Obligation Bond ,
Global bond ,
Gold bond ,
Government Bond ,
Guaranteed bond ,
G-7 ,
General Agreement on Tariffs and Trade ,
G-8 ,
Global fund ,
Growth and income fund ,
Growth fund ,
Gather in the stops ,
Going long ,
High-grade bond ,
Housing bond ,
Hart-Scott-Rodino Act of 1976 ,
House call ,
House of issue ,
Holder in due course ,
Home equity line of credit ,
Hedge fund ,
Held at the opening ,
Interest-bearing ,
Income bond ,
Index bond ,
Index-linked bond ,
Industrial revenue bond ,
In escrow ,
Installment bond ,
Insured bond ,
Interchangeable bond ,
Interest rate collar ,
Interest rate risk ,
Interest rate swap ,
Investment-grade bond ,
Irredeemable bond ,
In-house ,
Investment Advisor Act of 1940 ,
Investment Company Act of 1940 ,
In line ,
Inflation rate ,
International Monetary Fund ,
Interest rate futures ,
Interbank Rate ,
Insurable interest ,
Insider Trading sanctions Act of 1984 ,
Interest ,
Interest expense ,
Internal Rate of Return ,
Indication of interest ,
In intestacy ,
Inter vivos trust ,
Imputed interest ,
Interest deduction ,
Interest-only loan ,
Interest rate ,
Interest rate cap ,
Interest rate ceiling ,
Interest rate floor ,
In play ,
In-process research and development ,
Income fund ,
Index fund ,
Institutional fund ,
International fund ,
Investment fund ,
Interest rate option ,
I/O strip ,
Inchoate interest ,
Interest-only strip ,
In-service withdrawal ,
Imbalance of orders ,
In and out ,
In sympathy ,
In the tank ,
ITS ,
Junior refunding ,
Junk bond ,
Last In First Out ,
Lender of last resort ,
Law of one price ,
Long ,
Long Bond ,
Long position ,
Long-term ,
Lending at a rate ,
Limit-on-close order ,
Limit order ,
Limit order book ,
Limit order information system ,
Long Market Value ,
Law of demand ,
Law of supply ,
Long hedge ,
London Inter-Bank Offer Rate ,
Long-term care insurance ,
Long-term debt ,
Long-Term Equity Anticipation Securities ,
Letter of comment ,
Legal age ,
Line of credit ,
Loan-to-cost ,
Loan-to-value ,
Lock-in ,
Long-term mortgage ,
Lifecycle fund ,
Load fund ,
Long leg ,
Long straddle ,
Long-term lease ,
Locked in ,
Long-term gain or loss ,
Level I quotes ,
Long squeeze ,
Money order ,
Maintenance bond ,
Maturity ,
Maturity date ,
Maturity gap ,
Maturity value ,
Medium-term bond ,
Moral obligation bond ,
Mortgage bond ,
Municipal bond ,
Municipal bond fund ,
Municipal bond insurance ,
Municipal Bond Insurance Association ,
Municipal revenue bond ,
Muni fund ,
Maintenance call ,
Make a market ,
Margin call ,
Margin rate ,
Market if touched order ,
Market on close order ,
Market order ,
Mark-to-market ,
Medium of exchange ,
Marginal propensity to consume ,
Market rate ,
Money at call ,
Mortgage interest deduction ,
Mortgage rate ,
Mutual fund ,
Mutual fund custodian ,
Mutual fund symbol ,
Mill rate ,
Net interest margin ,
Negotiable certificate of deposit ,
Negotiable Order of Withdrawal ,
Nine-Bond Rule ,
Nominal rate ,
Non-callable bond ,
Non-interest-bearing note ,
Notice of Sale ,
National Association of Securities Dealers ,
National Association of Securities Dealers Automated Quotations system ,
No limit order ,
Notice of Default ,
Naked call ,
National Association of Real Estate Investment Trusts ,
Normal retirement age ,
Off-balance-sheet financing ,
Off the books ,
Other long term liabilities ,
Office of Thrift Supervision ,
Ordinary interest ,
Obligation bond ,
Out-of-favor ,
Off-floor order ,
On-floor order ,
On margin ,
Open order ,
Or better ,
Order ,
Order flow ,
Order ticket ,
Operating rate ,
Open interest ,
Opinion of title ,
On account ,
On-the-spot loan ,
Open-end fund ,
Option income fund ,
Out of the money ,
Old age, survivors, and disability insurance ,
On-balance volume ,
Off-board ,
On close ,
On open ,
On the opening ,
Order book official ,
Order imbalance ,
Pooling of interests ,
Pre-depreciation profit ,
Pre-tax profit margin ,
Par bond ,
Pass-through coupon rate ,
Payment-in-kind security ,
Performance bond ,
Pickup bond ,
Premium bond ,
Premium over bond value ,
Prerefunding ,
Price Value of a Basis Point ,
Prior lien bond ,
Privileged bond ,
Provisional call feature ,
Public bond ,
Public purpose bond ,
Put bond ,
Payment for order flow ,
Prior preferred stock ,
P&L ,
Pre-existing conditions ,
Power of Attorney ,
Personal interest ,
Prepaid interest ,
Prime rate ,
Prioritization of debt ,
Prior redemption privilege ,
Projected maturity date ,
Pooled fund ,
Prime rate fund ,
Publicly-traded fund ,
Pure index fund ,
Pension fund ,
Paid-in capital ,
Paid-in surplus ,
Pre-syndicate bid ,
Private Investment in Public Equity ,
Preservation of capital ,
Put/call ratio ,
Retention rate ,
Return of capital ,
Return on Capital ,
Return on Invested Capital ,
Return on Total Assets ,
Run rate ,
Real interest rate ,
Rate covenant ,
Redeemable bond ,
Refunding ,
Registered coupon bond ,
Remaining maturity ,
Revenue bond ,
Regulation D ,
Regulation G ,
Regulation T ,
Regulation U ,
Round of funding ,
Rules of Fair Practice ,
Rate of exchange ,
Reciprocal of European terms ,
Real economic growth rate ,
Regional fund ,
Regulation A ,
Reverse Take-Over ,
Right of first refusal ,
Right of rescission ,
Right to Know ,
Rate-improvement ,
Rate lock ,
Renegotiable rate ,
Revolving line of credit ,
Right of recourse ,
Rule of 78 ,
Right of redemption ,
Retirement Equity Act of 1984 ,
Risk/return trade-off ,
Return on Capital Employed ,
Rate of return ,
Real rate of return ,
SG&A ,
Savings Association Insurance Fund ,
Sight letter of credit ,
Simple interest ,
S&L ,
Savings Bond ,
Secured bond ,
Self-supporting bond ,
Senior refunding ,
Serial bond ,
Series bond ,
Series EE bond ,
Series HH bond ,
Short bond ,
Sinking fund ,
Split coupon bond ,
Spot rate ,
Step-up bond ,
Straight bond ,
Super sinker bond ,
Surety bond ,
Segregation of securities ,
Sell limit order ,
Sell order ,
Significant order ,
Small Order Execution System ,
Split order ,
Stop-limit order ,
Stop order ,
Savings rate ,
Standard of living ,
Swap rate ,
Second-to-die insurance ,
Short interest ,
Short interest ratio ,
Statute of Limitations ,
Satisfaction of debt ,
Security interest ,
Start rate ,
Staggered board of directors ,
Sector fund ,
Series fund ,
Socially responsible fund ,
Specialized fund ,
Specialty fund ,
Stock fund ,
S Corporation ,
Short-term gain or loss ,
Standard mileage rate ,
Subchapter M ,
Subchapter S Corporation ,
Scale order ,
Schedule C ,
Securities Act of 1933 ,
Securities Acts Amendments of 1975 ,
Securities Exchange Act of 1934 ,
Seek a market ,
S&P phenomenon ,
Times interest earned ,
Tax-exempt bond ,
T-Bill ,
Term bond ,
Term to maturity ,
Treasury Bond ,
Take a position ,
Time order ,
Trailing P/E ,
Take delivery ,
Trust fund ,
Teaser rate ,
Truth in Lending ,
Tax-free bond fund ,
Tax-managed fund ,
Tenancy at will ,
Taxpayer Relief Act of 1997 ,
Tax Reform Act of 1986 ,
Tax Reform Act of 1993 ,
Take a bath ,
Take profits ,
U.S. Government Agency Security ,
U.S. Savings Bond ,
U.S. Treasury ,
U.S. Treasury Bill ,
U.S. Treasury Bond ,
U.S. Treasury Note ,
U.S. Treasury Securities ,
Unlimited tax bond ,
Unemployment rate ,
Unearned interest ,
Uncovered call ,
Unit of trade ,
Unit of trading ,
Variable rate ,
With interest ,
World fund ,
Waiver of premium ,
X or XD ,
Year-To-Date ,
Yankee bond market ,
Yield to call ,
Yield to maturity ,
Yield to worst ,
Y shares ,
Zero-coupon bond