Question: Define and briefly explain crossover as the term is used

Define and briefly explain crossover as the term is used in bond refundings in the governmental environment. In your analysis, be sure to include a brief discussion of the following questions:
a. What types of situations give rise to a crossover refunding?
b. What are the financial statement effects of a crossover refunding?
c. Are there potential budgetary implications when a governmental entity has a crossover refunding?


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  • CreatedOctober 25, 2014
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