See Also: Legal defeasance(finance)
Legal defeasance(money)
Defeasance(finance)
Defeasance(law)
Defeasance(money)
defeasance(dictionary)
Economic defeasance(money)
In-substance defeasance(money)
In substance defeasance(finance)
DEFEASANCE, contracts, conveyancing(law)

Legal defeasance (money)


Definition: [crh] The deposit of cash and permitted securities, as specified in the bond indenture, into an Definition: rrevocable+trust">irrevocable trust sufficient to enable the issuer to fully discharge its obligations under the Definition: ure">bond indenture.