Refunding (finance) and NAUTAE (law)

Refunding (finance)

Redeeming a bond with proceeds received from issuing lower-cost Debt obligations with ranking equal to or superior to the Debt to be redeemed.

NAUTAE. Strictly speaking, only carriers by water are comprehended under this word. But the rules which regulate such carriers have been applied to this word. But the rules which regulate such carriers have been applied to carriers by land. 2 Ld. Raym. 917; 1 Bell' s Com. 467. carriers by land. 2 Ld. Raym. 917; 1 Bell' s Com. 467.

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