Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• IN-SUBSTANCE DEFEASANCE
  
  An advanced refunding in which the debtor is not legally released from being the primary obligor on the refunded bonds, but the possibility of the debtor having to make additional payments is considered remote under criteria provided by FAS 76.
  
  Back