crossover refunding bonds

Crossover Refunding Bond

A bond that is issued to redeem another bond before maturity. It differs from other refunding bonds in that proceeds from a crossover refunding bond are held in escrow until the date at which the first bond is actually redeemed.

crossover refunding bonds

Bonds issued for the purpose of paying off an existing bond issue. Crossover bonds are secured initially by the escrow of investments created from the crossover bond proceeds while the bonds to be refunded continue to be secured by the original revenue stream. On a specified date the refunded bonds are redeemed from the funds held in escrow and the crossover bonds become payable from the original revenue stream.

单词	crossover refunding bonds
释义	crossover refunding bonds Crossover Refunding Bond A bond that is issued to redeem another bond before maturity. It differs from other refunding bonds in that proceeds from a crossover refunding bond are held in escrow until the date at which the first bond is actually redeemed. crossover refunding bonds Bonds issued for the purpose of paying off an existing bond issue. Crossover bonds are secured initially by the escrow of investments created from the crossover bond proceeds while the bonds to be refunded continue to be secured by the original revenue stream. On a specified date the refunded bonds are redeemed from the funds held in escrow and the crossover bonds become payable from the original revenue stream.
随便看	tactical missile record system tactical missile system tactical missile training group tactical missile wing tactical mission analysis tactical mobile acoustic support system tactical mobile robot tactical mobility tactical mobility mission analysis tactical mse interface family tactical multifunction array radar tactical multimedia interface prototype tactical narcotics team tactical naval warfare system tactical navigation tactical network implementation planning tactical network management system tactical neutralization team tactical nuclear tactical nuclear force command, control, and communications tactical nuclear missile tactical nuclear penguin tactical nuclear requirements methodology tactical nuclear war doctrine tactical nuclear warhead