Funding Bonds
Defined in 1 dictionary — Cyclopedic (1922)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
Funding and refunding bonds are those issued to pay off prior indebtedness. If issued merely to pay floating indebtedness they are generally re-. ferred to as "funding" bonds, while if issued to take up other bonds they are usually called "refunding" bonds. 2 Fletcher Cyclopedia Corporations 1920.