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 rate lower than the issue to be refunded, and the proceeds are invested, usually in government securities, until the higher-rate bonds become callable. See: Refunding escrow deposits.
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Advance Noun Synonyms: progress, development, progress, forward movement, improvement, betterment, headway
Advance Verb Synonyms: move or put or push or go forward, approach
Business / Finance / High-Coupon Bond Refunding: The highest (intraday) price of a stock over the past 52 weeks, adjusted for any stock splits. MORE
Business / Finance / Junior Refunding: Issuing of new securities to refinance government debt that matures in one to five years. MORE