FT MarketWatch

Advance refunding

Issuing a longer-maturity bond in Order to pay off an earlier bond (usually prior to ITS maturity), in Order to take advantage of a Drop in Interest rates. also called Prerefunding.

Related Terms: 11 Call, Drop, Fund, Interest, Interest rate, ITS, Long, Maturity, Order, Prerefunding, Refunding
Other Related Pages: Category: Bonds Starting With: A
Semi Related Terms: 639 CLICK HERE TO VIEW
10-K, Adjustable rate, Accrual bond, Accrual of discount, Accrued interest, Accumulation bond, Advance refunding, Agency bond, American Municipal Bond Assurance Corporation, Amortization of premium, Assumed bond, At par, Authority bond, All or any part, Alternative order, At best, At call, Automated Order Entry System, Adjustable rate preferred stock, Absolute advantage, All-risks coverage, At risk, Add-on service, Abstract of title, Action to quiet title, As is, Assignment to creditors, Attorney in fact, Adjustable Rate Mortgage, Advance rate, Annual Percentage Rate, Applicable federal rate, Assignment of mortgage, Aggressive growth fund, A shares, Asset allocation fund, At the money, Absorption rate, Age-weighted plan, Additional paid-in capital, Ad valorem, At the bell, At the close, At the figure, At the full, At the market, At the opening order, Back pay, Books of final entry, Books of original entry, Burn rate, Banking Act of 1933, Baby bond, Balanced fund, Balloon maturity, Bearer bond, Benchmark interest rate, Bid-to-cover ratio, Blanket bond, Blend fund, Bond anticipation note, Bond Buyer, Bond circular, Bond crowd, Bond equivalent yield, Bond fund, Bond indenture, Bond market, Bond ordinance, Bond quote, Bond resolution, Bond swap, Brady bond, Bullet bond, Bureau of Public Debt, Buying on margin, Buy limit order, Buy minus order, Buy on close, Buy on opening, Buy order, Buy stop order, Balance of payments, Bank Rate, Base interest rate, Board of Governors, Bill of exchange, Bill of sale, Breach of trust, Base rate, Blended rate, Broker loan rate, B shares, Break-even tax rate, Blow-off top, Breadth-of-market theory, Capitalized interest, Cost Of Goods Sold, Cost of sales, Credit order, Compound interest, Call, Callable bond, Call date, Called away, Called bond, Call price, Call protection, Call risk, Catastrophe bond, CAT bond, Certificateless municipal bond, Certificate of Participation, Collateralized Bond Obligation, Combination bond, Committee on Uniform Securities Identification Procedures, Commodity-backed bond, Consolidated bond, Corporate bond equivalent, Coupon bond, Coupon rate, Current coupon bond, Current maturity, Current production rate, Call money rate, Code of procedure, Contingency order, Contingent order, Capitalization of income, Capitalization rate, Cap rate, Civilian unemployment rate, Comparative advantage, Cost of Living Adjustment, Cost-of-living index, Council of Economic Advisers, Cheapest to deliver, Chicago Board of Trade, Cost-of-living rider, Certificate of stock, Cost of carry, Certificate of title, Cancellation of debt, Certificate of Claim, Consumer interest, Cost of debt capital, Cost of funds, Capital appreciation fund, Clone fund, Closed-end fund, Closed fund, Crossover fund, C shares, Call option, Call ratio backspread, Call swaption, Class of options, Close to the money, Covered call, Certificate of Occupancy, Cloud on title, Cash or Deferred Arrangement, Class A Shares, Class B Shares, Crash of 1929, Crash of 1987, Coefficient of determination, Certificate of delivery, Close a position, Curbs in, Deposit in transit, Date of issue, Date of payment, Deep-discount bond, Deferred interest bond, Discount bond, Discounted bond, Dollar bond, Dual currency bond, Day order, Designated Order Turnaround, Discretionary order, Division of Enforcement, Division of Investment Management, Division of Market Regulation, Date of record, Dividend in arrears, Dividend rate, Discount rate, Division of labor, De-escalation clause, De facto, Durable Power of Attorney, Date of maturity, Debtor in possession, Debtor-in-possession financing, Deed of Release, Deed of Trust, Discharge of bankruptcy, Discharge of lien, Due-on-sale clause, Dual-purpose fund, Deep in the money, Deep out of the money, Deed of Surrender, Department of Housing and Urban Development, Dogs of the Dow, Depth of market, Drop, Effective annual interest rate, Eurodollar certificate of deposit, Exact interest, Escrowed to maturity, Eurodollar bond, Euroyen bond, Either-or order, Exchange rate, Economic growth rate, E-mini, Exchange of spot, Equity funding, Effective tax rate, Ex-all, Explicit interest, Enhanced index fund, Environmental fund, Equity fund, Exchange fund, Employee Retirement Income Security Act of 1974, First In First Out, Fidelity bond, First call date, Flight to quality, Floating-rate bond, Flow of funds, Free bond, Federal Call, Fill or kill, Front-ending an order, Fund supermarket, Floating exchange rate, Foreign exchange rate, Forward exchange rate, Forward P/E, Factors of production, Favorable balance of trade, Federal Reserve Discount Rate, Form 8-K, Form S-1, Fund, Fixed rate, Fixed-rate loan, Fixed-Rate Mortgage, Floating rate, Forward interest rate, Forward Rate Agreement, Family of funds, Focused fund, Fund family, Fund manager, Fund of funds, Free right of exchange, General Obligation Bond, Global bond, Gold bond, Government Bond, Guaranteed bond, G-7, General Agreement on Tariffs and Trade, G-8, Global fund, Growth and income fund, Growth fund, Gather in the stops, Going long, High-grade bond, Housing bond, Hart-Scott-Rodino Act of 1976, House call, House of issue, Holder in due course, Home equity line of credit, Hedge fund, Held at the opening, Interest-bearing, Income bond, Index bond, Index-linked bond, Industrial revenue bond, In escrow, Installment bond, Insured bond, Interchangeable bond, Interest rate collar, Interest rate risk, Interest rate swap, Investment-grade bond, Irredeemable bond, In-house, Investment Advisor Act of 1940, Investment Company Act of 1940, In line, Inflation rate, International Monetary Fund, Interest rate futures, Interbank Rate, Insurable interest, Insider Trading sanctions Act of 1984, Interest, Interest expense, Internal Rate of Return, Indication of interest, In intestacy, Inter vivos trust, Imputed interest, Interest deduction, Interest-only loan, Interest rate, Interest rate cap, Interest rate ceiling, Interest rate floor, In play, In-process research and development, Income fund, Index fund, Institutional fund, International fund, Investment fund, Interest rate option, I/O strip, Inchoate interest, Interest-only strip, In-service withdrawal, Imbalance of orders, In and out, In sympathy, In the tank, ITS, Junior refunding, Junk bond, Last In First Out, Lender of last resort, Law of one price, Long, Long Bond, Long position, Long-term, Lending at a rate, Limit-on-close order, Limit order, Limit order book, Limit order information system, Long Market Value, Law of demand, Law of supply, Long hedge, London Inter-Bank Offer Rate, Long-term care insurance, Long-term debt, Long-Term Equity Anticipation Securities, Letter of comment, Legal age, Line of credit, Loan-to-cost, Loan-to-value, Lock-in, Long-term mortgage, Lifecycle fund, Load fund, Long leg, Long straddle, Long-term lease, Locked in, Long-term gain or loss, Level I quotes, Long squeeze, Money order, Maintenance bond, Maturity, Maturity date, Maturity gap, Maturity value, Medium-term bond, Moral obligation bond, Mortgage bond, Municipal bond, Municipal bond fund, Municipal bond insurance, Municipal Bond Insurance Association, Municipal revenue bond, Muni fund, Maintenance call, Make a market, Margin call, Margin rate, Market if touched order, Market on close order, Market order, Mark-to-market, Medium of exchange, Marginal propensity to consume, Market rate, Money at call, Mortgage interest deduction, Mortgage rate, Mutual fund, Mutual fund custodian, Mutual fund symbol, Mill rate, Net interest margin, Negotiable certificate of deposit, Negotiable Order of Withdrawal, Nine-Bond Rule, Nominal rate, Non-callable bond, Non-interest-bearing note, Notice of Sale, National Association of Securities Dealers, National Association of Securities Dealers Automated Quotations system, No limit order, Notice of Default, Naked call, National Association of Real Estate Investment Trusts, Normal retirement age, Off-balance-sheet financing, Off the books, Other long term liabilities, Office of Thrift Supervision, Ordinary interest, Obligation bond, Out-of-favor, Off-floor order, On-floor order, On margin, Open order, Or better, Order, Order flow, Order ticket, Operating rate, Open interest, Opinion of title, On account, On-the-spot loan, Open-end fund, Option income fund, Out of the money, Old age, survivors, and disability insurance, On-balance volume, Off-board, On close, On open, On the opening, Order book official, Order imbalance, Pooling of interests, Pre-depreciation profit, Pre-tax profit margin, Par bond, Pass-through coupon rate, Payment-in-kind security, Performance bond, Pickup bond, Premium bond, Premium over bond value, Prerefunding, Price Value of a Basis Point, Prior lien bond, Privileged bond, Provisional call feature, Public bond, Public purpose bond, Put bond, Payment for order flow, Prior preferred stock, P&L, Pre-existing conditions, Power of Attorney, Personal interest, Prepaid interest, Prime rate, Prioritization of debt, Prior redemption privilege, Projected maturity date, Pooled fund, Prime rate fund, Publicly-traded fund, Pure index fund, Pension fund, Paid-in capital, Paid-in surplus, Pre-syndicate bid, Private Investment in Public Equity, Preservation of capital, Put/call ratio, Retention rate, Return of capital, Return on Capital, Return on Invested Capital, Return on Total Assets, Run rate, Real interest rate, Rate covenant, Redeemable bond, Refunding, Registered coupon bond, Remaining maturity, Revenue bond, Regulation D, Regulation G, Regulation T, Regulation U, Round of funding, Rules of Fair Practice, Rate of exchange, Reciprocal of European terms, Real economic growth rate, Regional fund, Regulation A, Reverse Take-Over, Right of first refusal, Right of rescission, Right to Know, Rate-improvement, Rate lock, Renegotiable rate, Revolving line of credit, Right of recourse, Rule of 78, Right of redemption, Retirement Equity Act of 1984, Risk/return trade-off, Return on Capital Employed, Rate of return, Real rate of return, SG&A, Savings Association Insurance Fund, Sight letter of credit, Simple interest, S&L, Savings Bond, Secured bond, Self-supporting bond, Senior refunding, Serial bond, Series bond, Series EE bond, Series HH bond, Short bond, Sinking fund, Split coupon bond, Spot rate, Step-up bond, Straight bond, Super sinker bond, Surety bond, Segregation of securities, Sell limit order, Sell order, Significant order, Small Order Execution System, Split order, Stop-limit order, Stop order, Savings rate, Standard of living, Swap rate, Second-to-die insurance, Short interest, Short interest ratio, Statute of Limitations, Satisfaction of debt, Security interest, Start rate, Staggered board of directors, Sector fund, Series fund, Socially responsible fund, Specialized fund, Specialty fund, Stock fund, S Corporation, Short-term gain or loss, Standard mileage rate, Subchapter M, Subchapter S Corporation, Scale order, Schedule C, Securities Act of 1933, Securities Acts Amendments of 1975, Securities Exchange Act of 1934, Seek a market, S&P phenomenon, Times interest earned, Tax-exempt bond, T-Bill, Term bond, Term to maturity, Treasury Bond, Take a position, Time order, Trailing P/E, Take delivery, Trust fund, Teaser rate, Truth in Lending, Tax-free bond fund, Tax-managed fund, Tenancy at will, Taxpayer Relief Act of 1997, Tax Reform Act of 1986, Tax Reform Act of 1993, Take a bath, Take profits, U.S. Government Agency Security, U.S. Savings Bond, U.S. Treasury, U.S. Treasury Bill, U.S. Treasury Bond, U.S. Treasury Note, U.S. Treasury Securities, Unlimited tax bond, Unemployment rate, Unearned interest, Uncovered call, Unit of trade, Unit of trading, Variable rate, With interest, World fund, Waiver of premium, X or XD, Year-To-Date, Yankee bond market, Yield to call, Yield to maturity, Yield to worst, Y shares, Zero-coupon bond