We say debt is __________ when maturing debt is paid for with new borrowing. The borrowing used to pay off the maturing debt is called __________.

Name: We say debt is __________ when maturing debt is paid for with new borrowing. The borrowing used to pay off the maturing debt is called __________.
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Question

Quizplus · Accepted Answer

When maturing debt is paid for with new borrowing, we call it rolled over debt. The borrowing used to pay off the maturing debt is called refunding. Therefore, option D is the correct answer.

We Say Debt Is __________ When Maturing Debt Is Paid