Nonrefundable

Condition in a Bond indenture which prohibits or restricts the ability of the Issuer to Retire the bond through a subsequent issue (refunding).

Related Terms: 8 Bond indenture, Fund, Indenture, Issuer, ITS, Refunding, Retire, Sue

Other Related Pages: Category: Bonds Starting With: N

Additional Related Terms: 10-Q, Accrual bond, Accrual of discount, Accumulation bond, Advance refunding, Agency bond, American Municipal Bond Assurance Corporation, Amortization of premium, Assumed bond, Authority bond