Refunding Escrow Law and Legal Definition
Pursuant to 26 CFR 1.148-1 [Title 26 -- Internal Revenue; Chapter I -- Internal Revenue Service, Department of The Treasury], refunding escrow means “one or more funds established as part of a single transaction or a series of related transactions, containing proceeds of a refunding issue and any other amounts to provide for payment of principal or interest on one or more prior issues. For this purpose, funds are generally not so established solely because of --
(1) The deposit of proceeds of an issue and replacement proceeds of the prior issue in an escrow more than 6 months apart, or
(2) The deposit of proceeds of completely separate issues in an escrow.”
Legal Definition list
- Refunding Bond
- Refundable Credit
- Refund System [Food Distribution]
- Refund Annuity
- Refund
- Refunding Escrow
- Refunding Proceeds
- Refusal Hearing
- Refusal to Bargain
- Refusal to Submit to Alcohol Test [Aeronautics and Space]
- Regia Dignitas Est Indivisibilis, Et Quaelibet Alia Derivativa Dignitas Est Similiter Indivisibilis
