Cyclopedia
Rollover
The term rollover in Congressional budget law is often used in the context of Federal Credit, but can be used in the more general sense such as when investment income is shifted from one fund into another qualifying fund such that no taxable event occurs and tax implications are avoided.
GAO Glossary of Terms and Definition (September 2005)
Rollover
Instead of paying off a loan when due, the principal and sometimes accrued interest outstanding of a borrower is refinanced (rolled over) as a new loan with a new maturity date. (See also Federal Credit.)
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