The practice of issuing a bond to redeem another bond before maturity. The proceeds from the new bond issue are held in escrow until the initial bond is actually redeemed.
Related information about crossover refunded:
- What is crossover refunded? definition and meaning
Definition of crossover refunded: The practice of issuing a bond to redeem another bond before maturity. The proceeds from the new bond issue are held in ...
- What is crossover rule? definition and meaning
crossover rule. crossover refunded · cross-sectional ratio analysis. Definition. A rule in technical analysis stating that an investor in a particular financial ...
- What is crossover rate? definition and meaning
crossover rate. crossover point · crossover refunded. Definition. The specific return required by each project in order for two projects to have the same Net ...
- What is refund? definition and meaning
crossover refunded · experience refund · junior refunding · high-coupon bond refunding · refunding · refunding risk · full refund · low-coupon bond refunding ...
- Board of the Authority
He stated that in a crossover refunding, the crossover refunded bonds remain undefeased and payable from revenues until their first call date. He noted that the ...
- Invest FAQ: Bonds: Municipal Bond Terminology
Nov 7, 1995 ... Crossover Refunded: The revenue stream originally pledged to secure the securities being refunded continues to be used to pay debt service ...
- * Revenue stream - (Business): Definition
Crossover Refunded The revenue stream pledged to secure "securities being refunded" is being used to payoff debt on the refunded securities until they mature.
- Glossary of Bond Terms: A-D
Nov 11, 2012 ... Crossover Refunded. The revenue stream originally pledged to secure the securities being refunded continues to be used topay debt service ...