Which one of the following debt redemption method is a process by which maturing debts are replaced by new bonds and there is no liquidation of the money burden of debt ?
A. Repudiation
B. Refunding
C. Conversion
D. Capital levy
Answer:B
Which one of the following debt redemption method is a process by which maturing debts are replaced by new bonds and there is no liquidation of the money burden of debt ?
A. Repudiation B. Refunding C. Conversion D. Capital levy