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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]
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 .
Amended by GASBS 34 and 63 and GASBI 6; Partially superseded by GASBS 34; 18. Accounting for Municipal Solid Waste Landfill Closure and Postclosure Care Costs: Aug. 93: Amended; Partially superseded; 19. Governmental College and University Omnibus Statement—an amendment of GASB Statements No. 10 and 15: Sept. 1993 1974: Superseded by GASBS 35 ...
Commercial mortgages often contain lockout provisions (typically a period of 1–5 years [2] where there can be no prepayment of the loan) which they can be subject to defeasance, yield maintenance and prepayment penalties to protect bondholders. European CMBS issues typically have less prepayment protection.
A future interest is vested subject to open if it belongs to a class of beneficiaries, where that class can expand. A common example is a grant from O "to A's children", where A is a man: the class of A's children can't be closed until approximately thirty eight weeks after A dies , so any children alive at the time of the grant are vested ...
$5.50 off each 24-pack of 16.9-ounce bottles. If you're tackling Dry January, San Pellegrino sparkling mineral water is a great way to mix things up.The 24-pack of 16.9-ounce bottles is $5.50 off ...
Hawaiian monk seals grow to be 6-7 feet long, weigh 400-600 pounds, and can live more than 30 years. Males and females are generally the same size — the only way to tell them apart is to look at ...
A recognizance is a form of bail, in which an accused is released from pre-trial detention with an incentive to ensure that they will appear before the court to face charges on a certain day in the future.