NONREFUNDABLE BOND is a bond issue that cannot be redeemed for a stated period of time using the proceeds from a new, lower-cost issue to finance the refunding. The bond can still be called without a refunding, but the company must use internal capital or equity funds to retire the issue. This provides some protection to the bondholder if interest rates decline significantly.
JOINT ACCOUNT is a financial account owned by two or more persons who share equally in the rights and liabilities of the account.
RESTATE see RESTATEMENT OF FINANCIALS.
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