- To fund again or anew; to replace (a fund or loan) by a
new fund; as, to refund a railroad loan. - To pour back. - To give back; to repay; to restore. - To supply again with funds; to reimburse.
Installment refund annuity Installment refund annuity pays the annuitant a lifetime income, but if death occurs before receiving payments equal to the purchase price,
Cash refund annuity Cash refund annuity is the balance is paid in one lump sum to the beneficiary after the death of the annuitant, if total payments do not
Advance refunding Advance refunding is in the context of municipal bonds, refers to the sale of new bonds (the refunding issue) before the first call date of old bonds (the issue to be refunded). The refunding issue usually specifies a rate lower than the issue to be refunded, and the proceeds are invested, usually in government