Prerefunded

adj

adj ·Rare ·Advanced level

Definitions

Adjective
  1. 1
    That the issuer agrees, in advance, to buy back before its scheduled maturity date not-comparable

    "Only now are they looking to invest in safe assets, like prerefunded bonds secured by United States government obligations."

Example

More examples

"Only now are they looking to invest in safe assets, like prerefunded bonds secured by United States government obligations."

Etymology

From pre- + refunded.

Related phrases

buy backmaturity date

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Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.