HomeDefinitionsCompareDebt Economic defeasanceThe financial definition for Economic defeasance:See: In-substance defeasance Similar MatchesIn substance defeasanceIn substance defeasanceProcess through which debt is removed from the balance sheet but not canceled. Legal defeasanceLegal defeasanceThe deposit of cash and permitted securities, as specified in the bond indenture, into an irrevocable trust sufficient to enable the issuer to fully discharge its obligations under the bond indenture. Click to compare definitions of Economic defeasance Click to view definitions beginning ec |