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refunded

 - 4 dictionary results

re⋅fund

1  [v. ri-fuhnd, ree-fuhnd; n. ree-fuhnd]
Use refunded in a Sentence
–verb (used with object)
1. to give back or restore (esp. money); repay.
2. to make repayment to; reimburse.
–verb (used without object)
3. to make repayment.
–noun
4. an act or instance of refunding.
5. an amount refunded.
Origin:
1350–1400; ME refunden (v.) < L refundere to pour back, equiv. to re- re- + fundere to pour; see found 3

Related forms:
re⋅fund⋅a⋅ble, adjective
re⋅fund⋅a⋅bil⋅i⋅ty, noun
re⋅fund⋅er, noun
re⋅fund⋅ment, noun

re⋅fund

2  [ree-fuhnd]
–verb (used with object)
1. to fund anew.
2. Finance.
a. to meet (a matured debt structure) by new borrowing, esp. through issuance of bonds.
b. to replace (an old issue) with a new one.
Origin:
1855–60; re- + fund
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To refunded
re·fund   (rĭ-fŭnd', rē'fŭnd')   
v.   re·fund·ed, re·fund·ing, re·funds

v.   tr.
To give back, especially money; return or repay: refunded the purchase price.
v.   intr.
To make repayment.
n.   (rē'fŭnd')

  1. A repayment of funds.

  2. An amount repaid.


[Middle English refunden, from Old French refunder, from Latin refundere : re-, re- + fundere, to pour; see gheu- in Indo-European roots.]
re·fund'a·ble adj., re·fund'er n., re·fund'ment n.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Financial Dictionary

refund

To retire securities with the funds that have been raised through the sale of a new security issue. Refunding usually occurs after a period of falling interest rates when firms issue new debt in order to retire existing debt having high coupon rates of interest. Refunding works to the disadvantage of existing bondholders, who must sell their securities before maturity (usually at a slight premium over face value) when proceeds can only be reinvested at a reduced yield. Also called refinance. See also call provision, nonrefundable, prerefunded bond.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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