Financial Definition of Legal Defeasance
Meaning of 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 discharge fully its obligations under the bond indenture.
Related Entries of Legal Defeasance in the Encyclopedia of Law Project
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Legal Defeasance in Historical Law
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Legal Abbreviations and Acronyms
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