Home > Term: 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.
- Μέρος του λόγου: noun
- Κλάδος/Τομέας: Financial services
- Category: General Finance
- Company: Bloomberg
0
Δημιουργός
- Jessehe
-
(V.I.P) 32013 points - 40.13% positive feedback
