Definitions
from The Century Dictionary.
- To forfeit.
- To discharge; free from; acquit of.
Etymologies
Sorry, no etymologies found.
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Examples
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The town of Vail has been trying to stay ahead by having a plan in place to "defease" town debt, meaning the town would set aside money it still owes to bondholders with a trustee.
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Tyson must refinance, repurchase, defease or restrict cash to pay off these notes in a blocked account.
unknown title 2012
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Management plans to use the proceeds from this $6.085 million issuance to defease its 2009 COPs in total, thus removing the LOC, and finance certain construction projects.
unknown title 2011
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The district intends to defease the COPs with the series 2011 GO bonds.
unknown title 2011
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If the site is sold, the township plans to use all proceeds to defease the 2007 bond issue.
Fitch Affirms Buena Vista Charter Township, MI's LTGO at 'BBB'; Outlook Stable - Yahoo! Finance 2010
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Unlike the SPG transactions, the Brookfield transaction provides a mechanism to defease both the unknown Hughes Heirs 'liability and $300 million of MPC tax liabilities.
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In all, $76 million of State General Fund surplus and $233.7 million in collections from the Amnesty Act of 2009 will be used to defease debt in FY 10, thereby reducing State Debt Service by $309.7 million in FY 10-11.
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In all, $76 million of State General Fund surplus and $233.7 million in collections from the Amnesty Act of 2009 will be used to defease debt in FY 10, thereby reducing State Debt Service by $309.7 million in FY 10-11.
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This amount includes $529 million in the debt reduction fund, which acts as a hedge for the utility's variable-rate debt exposure and can be used in the future to economically defease debt or to pay current debt service costs.
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Usually close to 50% or more in some cases defease, which means that basically the security is based by treasury.
pfblogs.org: The Ad-Free Personal Finance Blogs Aggregator 2009
reesetee commented on the word defease
(Rare) To undo, bring to nought, destroy.
February 7, 2008