Advertising

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.

 
 Embedded terms in definition
 Bond indenture
Bond
Cash
Indenture
Issuer
Its
Securities
 
 Related Terms
 Defeasance
Economic defeasance
In substance defeasance
Legal bankruptcy
Legal capital
Legal investments
Legal list

<< Legal capital Legal investments >>

Managing Your Expenses on a Fixed or Reduced Income: Once you've retired, you finally have the opportunity to work at your dream job - keeping yourself happy. It's your chance to visit places you've always wanted to see, take up a new hobby and spend more time with your family and friends. But to be successful at this new position, you've got to make the most of your income and investments. Here are suggestions. More...

Change before you have to. - Jack Welch

Advertising



Copyright 2009-2018 GVC. All rights reserved.