See Also: losel(dictionary)
BMW Finance N.V.(finance)
finance(1)(dictionary)
finance(2)(dictionary)
Finance(money)
FINANCE(finance)
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External finance(finance)
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Defeasance (finance) and losel (iou)


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.





losel (iou)



losel noun & adjective. Now arch. & dial. LME.
[App. from los- stem of LESE + -EL1.]
A. noun. A worthless person; a profligate, a rake; a ne'er-do-well. LME.
b. adjective. Good-for-nothing, worthless. E17.
loselry noun worthless or profligate behaviour LME.