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Crossover Refunded

   时间:2018-05-02 21:21:41     浏览:51    评论:0    
核心提示:The revenue stream pledged to secure "securities being refunded" is being used to payoff debt on the refunded securities until they mature. |||When they mature or are called, the pledged revenues pay debt service on the refunding securities.


The revenue stream pledged to secure "securities being refunded" is being used to payoff debt on the refunded securities until they mature.

|||When they mature or are called, the pledged revenues pay debt service on the refunding securities.



 
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