prerefunded

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adjective

That the issuer agrees, in advance, to buy back before its scheduled maturity date

Scrabble 18
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Meanings

adjectiveprerefunded (not comparable)
  1. not comparableeconomicsThat the issuer agrees, in advance, to buy back before its scheduled maturity date

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

    2009 September 19, Paul Sullivan, “Now Even Millionaires Can See the Benefits of Budgeting”, in New York Times

Origin

From pre- + refunded.

Full word history & related roots →
Cite this entry
APA

prerefunded. (n.d.). In WatkinsX Dictionary. Retrieved November 2, 2026, from https://dictionary.watkinsx.com/word/prerefunded

MLA

“prerefunded.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/prerefunded. Accessed November 2, 2026.

Chicago

WatkinsX Dictionary, s.v. “prerefunded,” accessed November 2, 2026, https://dictionary.watkinsx.com/word/prerefunded.

Source: prerefunded on Wiktionary, CC BY-SA 4.0.