prerefunded
Word Rarity
Very rare
Frequency: Zipf frequency 0.00 in modern English
18
Scrabble Score
11
Letters
4
Syllables
7
Unique Chars
Meaning
adj
That the issuer agrees, in advance, to buy back before its scheduled maturity date
Example Sentences
- "Only now are they looking to invest in safe assets, like prerefunded bonds secured by United States government obligations."