Meaning PREREFUNDING: Procedure of floating a second bond at a lower interest rate in order to pay off the first bond at the first call date and to reduce overall borrowing costs
More terms such as Prerefunding in Dictionary P.
- Definition Policy Limit:
- Examples The maximum dollar amount of coverage provided by an insurance company for a certain policy prerefunding definition.
- Definition PAC Bond:
- Examples Stands for Planned Amortization Class bond. A tranche class offered by some CMOs that has a sinking fund schedule and an ability to make principal payments that are not subordinated to other classes prerefunding explain.
- Definition Production-Flow Commitment:
- Examples An agreement by the loan purchaser to allow a monthly loan quota to be delivered in batches prerefunding what is.
- Definition Placement:
- Examples A bank depositing Eurodollars with (selling Eurodollars to) another bank is often said to be making a placement prerefunding meaning.
- Definition Parameter:
- Examples A model is a combination of variables, such as GDP growth, and coefficients which multiply these variables. The coefficients are often estimated from the data. The coefficients are called parameters prerefunding abbreviation.