Meaning 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
More terms such as Legal defeasance in Dictionary L.
- Definition Limited Company:
- Examples A form of business commonly used in the U.K. comparable to incorporation in the U.S legal defeasance definition.
- Definition Low:
- Examples general equities, this is a specific minimum limit required by a seller in execution an order ( I'll sell 50 with an eighth low. ); implies a not-held limit order. Antithesis of top legal defeasance explain.
- Definition Leverage Rebalancing:
- Examples Making transactions to adjust (rebalance) a firm's leverage ratio to a target ratio legal defeasance what is.
- Definition Linear Programming:
- Examples Technique for finding the maximum value of some equation, subject to stated linear constraints legal defeasance meaning.
- Definition Locked In:
- Examples unable to take advantage of preferential tax treatment because of time remaining on a required holding period. Also, a commodities position in which the market has a limit up or limit down day and legal defeasance abbreviation.
