0
Technically, it's a substitution of collateral
Two common situation:
With regards to bonds:
The issuer places government backed securities in escrow, sufficient enough to repay all interest and principal on the initial bonds. The bond buyers are issued a notice of defeasance informing them that their bonds are now backed by the securities in escrow. This releases the issuer from any further obligation.
With regards to mortgages
The mortagage borrower replaces the original collateral (the home) with some other collateral. The bank then receives a notice of defeasance informing them that their original loan is now secured with something else, allowing the lender to do what he wants with the house
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What are the disadvantages of a notice board?
it can breakdown
Is the star of burn notice gay?
no
Can a landlord change locks of commercial business owner without notice in Texas?
can a landlord change the locks on a commercial building without notice
When is the notice of dishonour necessary?
Notice of dishonor is necessary - (a) when it is dispensed with by the party entitled thereto (b) in order to charge the drawer, when he has countermanded payment (c) when the party charged could not suffer damage for want of notice (d) when the party entitled to notice cannot after due search be found, or the party bound to give notice is, for any other reason, unable without any fault of his own to give it. (e) to charge the drawers, when the acceptors is also a drawer. (f) in the case of a promissory note which is not negotiable. (g) when the party entitled to notice, knowing the facts, promise unconditionally to pay the amount due on the instrument.
How do you get a boy to notice you at the beach?
Take off your top.
How do you report a loss on bond defeasance?
Hire an accountant
What is a defeasance?
A condition of termination of an estate which automatically brings the estate to an end if the condition is satisfied
What are notice?
Notice Is A Notice
How do you turn notice into a verb?
notice is a verb.They notice everything we do.
What is a sentence using the word notice?
Example sentence - The sign was too large not to notice.
What is the opposite of notice?
The opposite of notice is ignore.
How do you use did in the sentence?
did you notice that ? Did I notice what?
What is a synonyms for notice?
what is a synonyms for notice
What is shokaz notice?
shokaz notice
7 day notice or 7 days notice?
Neither. 7 days' notice.
How do you get your ex to notice you?
Give him/her something to notice
When was Notice Me created?
Notice Me was created in 1988.
