Economic defeasance


 

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Economic defeasance

See: In-substance defeasance



Economic defeasance

Similar Matches

Legal defeasance

Legal defeasance

The deposit of cash and permitted securities, as specified in the bond indenture, into an irrevocable trust sufficient to enable the issuer to fully discharge its obligations under the bond indenture.


Defeasance

Defeasance

The process of rendering a contract or deed null and void following a specified act.


In substance defeasance

In substance defeasance

Process through which debt is removed from the balance sheet but not canceled.




 
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