The Law Dictionary

Featuring Black’s Law Dictionary Free Online Legal Dictionary 2nd Ed.

What is REFUNDING

When the issuer of a bond pays back investors at an agreed upon price. This happens when the bond is callable, the interest rates go down, or when cheaper bonds can replace the current ones. Refer to protection.

Disclaimer

Nothing implied or stated on this page should be construed to be legal, tax, or professional advice. The Law Dictionary is not a law firm and this page should not be interpreted as creating an attorney-client or legal adviser relationship. For questions regarding your specific situation, please consult a qualified attorney.