See Also: Defeasance(finance)
Defeasance(law)
Defeasance(money)
defeasance(dictionary)
Legal defeasance(money)
Economic defeasance(money)
In-substance defeasance(money)
In substance defeasance(finance)
Legal defeasance(finance)
DEFEASANCE, contracts, conveyancing(law)

Defeasance (finance)


1) The setting aside by a borrower of cash or bonds sufficient to service the borrower's debt. 2) In securities trading, where a clearing house becomes counterparty to each side of a trade, after the trade has been agreed.