defeasance clause definition

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Niicss

Posted on: 15th Oct, 2010 07:20 pm

what is a defeasance clause?

Total Reply : 1

Defeasance clause is a provision that voids a bond or loan when the borrower sets aside cash or bonds which are enough to service the borrower's debt.

Niicss

Posted on: 18th Oct, 2010 03:41 am

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