Talk:Defeasance
From Wikipedia, the free encyclopedia
 |
This article incorporates text from the Encyclopædia Britannica Eleventh Edition, now in the public domain. |
Somebody who knows what defeasance is should translate this page into simple English. I don't get it. Defeasance is where you agree to modify a previous agreement?
[edit] Municipal Defeasance in the US
Defeasance of near-term obligations by municipalities through use of Treasuries can have a significant effect on bond-loan repo rates and hence on the prices of the treasury issues purchased. e.g. http://www.sec.gov/litigation/admin/33-7817.htm jiHymas@himivest.com 216.191.217.92 17:54, 23 March 2007 (UTC)
