Refund

Business / Finance / Refund: To retire existing bond issues through the sale of a new bond issue, usually to reduce the interest rate being paid.

Refundable

Business / Finance / Refundable: Eligible for refunding under the terms of a bond indenture. MORE

Refunded Bond

Business / Finance / Refunded Bond: Also called a prerefunded bond, a bond that originally may have been issued as a general obligation or revenue bond but that is now secured by an escrow fund consisting entirely of direct U.S. governm MORE

Refunds

Life Style / College / Refunds: Greenville Technical College will refund a portion of tuition paid by students who withdraw from courses by specified dates. The schedule of dates, the percentage of tuition eligible to be refunded, a MORE

Refundable Fare

Life Style / Travel / Refundable Fare: Fares that are refundable if returned, the refund is applied to the original credit card or by a travel voucher. 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

Non-Refundable

Life Style / Travel / Non-Refundable: A fare that cannot be refunded either in cash or via a credit card credit; very seldom is there an exception. MORE

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