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Defeasance (or defeazance) (French: défaire, to undo), in law, is an instrument which defeats the force or operation of some other deed or estate; as distinguished from condition, that which in the same deed is called a condition is a defeasance in another deed. [1] The term is used in several contexts in finance, including: [2]
Historically, the most significant type of penal bond was the penal bond with conditional defeasance. A penal bond with conditional defeasance combined in one document the bond (the promise to pay a specified amount of money) with the contractual obligation.
In finance, a floating charge is a security interest over a fund of changing assets of a company or other legal person. Unlike a fixed charge, which is created over ascertained and definite property , a floating charge is created over property of an ambulatory and shifting nature, such as receivables and stock .
Pimco said it's reducing exposure to long-term U.S. bonds amid concerns about soaring federal deficits and debt. Instead, it favors shorter-term bonds, some overseas issuers, and corporate debt ...
In philosophy of logic, defeasible reasoning is a kind of provisional reasoning that is rationally compelling, though not deductively valid. [1] It usually occurs when a rule is given, but there may be specific exceptions to the rule, or subclasses that are subject to a different rule.
3. Banks are taking a proactive approach to educate consumers on security. When it comes to keeping their customers abreast of the latest ways to bank securely, banks may turn to emails, in-app ...
actually bring back the $2.5 million in funding for the easement agreement and rescind it unless new terms regarding 30 full time, living wage jobs were met.
A recognizance is subject to a "defeasance"; that is, the obligation will be avoided if person bound does some particular act, such as appearing in court on a particular day, or keeping the peace. [1]