Non-refundable meaning

Not refundable; not able to be refunded.
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A provision in a bond indenture that stops or limits the issuer from retiring the bonds by using proceeds from another issue, which is called a refunding. Non-refundable bonds protect bondholders from having their bonds called and thus losing out on interest payments. Also called call protection.
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Non-refundable Sentence Examples

  • A 25% non-refundable deposit is required upon booking.

  • Please send a non-refundable check payable to the RHS or an invoice with your booking.

  • What happens to all of those non-refundable deposits?

  • Since most wedding deposits are non-refundable, especially at the very last minute, it's best to be prepared.

  • It depends on your package and the insurance company, but in most cases non-refundable deposits, wedding gowns and tuxedos, photography and jewelry, including wedding rings.

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Words near non-refundable in the Dictionary