Examlex
For the concept hexagon, "large" can best be classified as:
Refunding
In finance, refunding refers to the process where an entity replaces an existing debt obligation with a new debt obligation under different terms, typically to take advantage of more favorable interest rates.
High-Coupon Debt
Bonds that offer higher interest payments due to having a high coupon rate, typically reflecting higher risk or longer maturity.
Interest Payments
Regular payments made to bondholders, representing the interest earned on the bond's face value for a certain period.
Reinvestment Rate
The rate of return available to investors when they reinvest the earnings from an investment during the life of that investment.
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