new money

new money definition - business

new money

In corporate or U.S. Treasury debt refunding, the amount by which the par value of new securities exceeds the par value of the securities being refunded. The new money is the additional funds borrowed from the refunding operation.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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