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Financial Dictionary

Financial Dictionary - definitons of investment, economic and financial terms

Atlantic Financial



Atlantic Financial


Investment Word

Advance Refunding (Bonds)

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Advance Refunding is a method for municipal authorities to issue bonds to pay off outstanding bond issues prior to the first call date. The proceeds are usually invested in Government securities which are placed in escrow until the call date of the existing issue when they are retired. This is primarily used to lower the interest cost for an issuer.


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