Funding

Business / Finance / Funding: A pension plan in which all liabilities, including payments to be made to pensioners in the immediate future, are completely funded.

Net Advantage Of Refunding

Business / Finance / Net Advantage Of Refunding: The net present value of the savings from a refunding. MORE

Low-Coupon Bond Refunding

Business / Finance / Low-Coupon Bond Refunding: Refunding of a low-coupon bond with a new, higher-coupon bond. MORE

Funding Ratio

Business / Finance / Funding Ratio: Used to describe the refinancing of a debt prior to its maturity (the same as refunding). In corporate finance refers to the floating of bonds to raise finance and levels of capital. See also: refundi MORE

Advance Refunding

Business / Finance / Advance Refunding: In the context of municipal bonds, refers to the sale of new bonds (the refunding issue) before the first call date of old bonds (the issue to be refunded). The refunding issue usually specifies a rat MORE

Stopping Curve Refunding Rate

Business / Finance / Stopping Curve Refunding Rate: A curve showing the refunding rates for different times at which the expected value of refunding immediately equals the expected value of waiting to refund. MORE

Prerefunding

Business / Finance / 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

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