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Definition of 'Defeasance'
A provision that voids a bond or loan when the borrower sets aside cash or bonds sufficient enough to service the borrower's debt.
Also referred to as "defease."
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Investopedia explains 'Defeasance'
The borrower sets aside cash to pay off the bonds, therefore the outstanding debt and cash offset each other on the balance sheet and don't need to be recorded.
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Search results for 'Defeasance'
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http://www.investopedia.com/articles/mortgages-real-estate/08/defeasance.asp
Defeasance Reduces Commercial Real Estate Fees. ... Read on to learn more about how
defeasance can provide straightforward solutions in complex lending scenarios. ...
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http://www.investopedia.com/articles/mortgages-real-estate/08/weighted-average-mbs.asp
... (Read more about prepayment in Defeasance Reduces Commercial Real Estate Fees.)
Realized-Yield Asymmetry The realized yield on a pass-through security is the ...
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http://www.investopedia.com/articles/mortgages-real-estate/08/real-estate-attorney.asp
... (For more on commercial real estate, see Find Fortune In Commercial Real Estate
and Defeasance Reduces Commercial Real Estate Fees.) What Can Happen Without an ...
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