Meaning DEFEASANCE: The setting aside by a borrower of cash or bonds sufficient to service the borrower's debt. Both the borrower's debt and the offsetting cash or bonds are removed from the balance sheet
More terms such as Defeasance in Dictionary D.
- Definition Direct Lease:
- Examples Contract in which a lessor purchases new equipment from the manufacturer and leases it to the lessee defeasance definition.
- Definition Downturn:
- Examples The transition point between a rising, expanding economy to a falling, contracting one defeasance explain.
- Definition Deferred Payment Annuity:
- Examples An annuity that stipulates payments be made to the annuitant at a later date, such as when the annuitant reaches a certain age defeasance what is.
- Definition Debenture Bond:
- Examples whose holder has the claim of a general creditor on all assets of the issuer not pledged specifically to secure other debt. Compare subordinated debenture bond and collateral trust bonds defeasance meaning.
- Definition Discounted Basis:
- Examples To sell below maturity value, so that the difference makes up all or part of the interest defeasance abbreviation.
