Bonds which can be sold or exchanged as they have been previously issued by a lender. Paying off a refunded bond involves having the money held in escrow until the bond has become mature.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser