prerefunded

English

Etymology

pre- +‎ refunded

Adjective

prerefunded (not comparable)

1. (economics, of a bond) That the issuer agrees, in advance, to buy back before its scheduled maturity date
   • 2009 September 19, Paul Sullivan, “Now Even Millionaires Can See the Benefits of Budgeting”, in New York Times‎^[1]:

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