Also called a prerefunded bond, a bond that originally may have been issued as a general obligation or revenue bond but that is now secured by an escrow fund consisting entirely of direct U.S. government obligations that are sufficient for paying the bondholders.
Found on
http://www.duke.edu/~charvey/Classes/wpg/bfglosr.htm
Also called a prerefunded bond, one that originally may have been issued as a general obligation or revenue bond but that is now secured by an 'escrow fund' consisting entirely of direct U.S. government obligations that are sufficient for paying the bondholders.
Found on
http://www.encyclo.co.uk/local/20047
Also called a prerefunded bond, a bond that originally may have been issued as a general obligation
Found on
http://www.encyclo.co.uk/local/22402
No exact match found.
