prerefunded
adjEtymology From pre- + refunded.
1
Economics, Sciences Of a bond That the issuer agrees, in advance, to buy back before its scheduled maturity date
- Only now are they looking to invest in safe assets, like prerefunded bonds secured by United States government obligations.2009 September 19, Paul Sullivan, “Now Even Millionaires Can See the Benefits of Budgeting”, in New York Times: