Series 52: Full Cash Refunding

Taken from our MSRB Municipal Securities Representative Qualification Examination

Definition of the term Full Cash Refunding...

a type of refunding in which debt service for the old bonds is paid off entirely by the refunding bond proceeds.

Since you're reading about Series 52: Full Cash Refunding, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 52
Please Enable Javascript
to view this content!