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REFUNDING
REFUNDING
ScnAdmin
(or refinancing)
1.
to pay back a
debt
with a new
loan
.
2.
to take on a new
debt
through refinancing an
old
debt
.
3.
the
situation
of a
company
selling
new
securities
and using the
money
to
retire
existing
securities
with the
objective
of
saving
interest
costs, extending the
maturity
of the
loan
, or both.