defeasance legal what is
Meaning of Legal defeasance explanation. What is in the bond indenture, into an irrevocable trust.

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Legal defeasance definition

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 Leaseback:
Examples A transaction that involves the sale of some property, and an agreement by the seller to lease the property back from the buyer after the sale legal defeasance definition.
Definition Long-Term Goals:
Examples Financial goals expected to be accomplished in five years or longer legal defeasance explain.
Definition Layup:
Examples Used in the context of general equities. Easily executed trade or order. See: Lead pipe legal defeasance what is.
Definition Lock-Up CDs:
Examples with the tacit understanding that the buyer will not trade the certificate. Quite often, the issuing bank will insist that it hold the certificate for safekeeping by it to ensure that the buyer legal defeasance meaning.
Definition Legal Monopoly:
Examples A government-regulated firm that is legally entitled to be the only company offering a particular service in a particular area legal defeasance abbreviation.
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