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Legal defeasance
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Legal 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.
RELATED TERMS--------------------------------------
Cash
The value of assets that can be converted into cash immediately, as reported by a company. Usually includes bank accounts and marketable securities, such as government bonds and banker's acceptances.
Securities
Saleable papers, traded on stock exchanges, that yield an income (dividend, interest, etc.).
Bond
Certificate, stating that the issuer is committing himself to repay the loan, including interest and other payments, to the holder.
Indenture
Agreement between lender and borrower that details specific terms of the bond issuance. Specifies legal obligations of bond issuer and rights of bondholders.
Trust
A large combination of business organizations, possibly tending towards a monopoly.
Issuer
A financial institution or other organization responsible for supplying credit cards, debit accounts, checks, electronic tokens, and so on.
SIMILAR TERMS--------------------------------------
LEGACY Credit Union
LEGACY is a credit union with head office in PORTLAND, OR
Legacy Hotels REIT
Legacy Hotels REIT is one of Canada's largest companies.
Legal & General Group
Legal & General Group is a top British corporation in the field of insurance, and its estimated market value is 14,780 million US dollars.
Legal and General
Legal and General is a major British company.
Legal bankruptcy
A legal proceeding for liquidating or reorganization a business.
Legal capital
Value at which a company's shares are recorded in its books.
Legal entity
A person or organization that can legally enter into a contract, and may therefore be sued for failure to comply with the terms of the contract.
Legal investments
Investments that a regulated entity is permitted to make under the rules and regulations that govern its conduct.
Legal list
A list of approved securities in which institutions such as savings banks, life insurance companies and pension funds may invest.
Legal monopoly
A government-regulated firm that is legally entitled to be the only company offering a particular service in a particular area.
Legal opinion
A statement, usually written by a specialized law firm, required for a new municipal bond issue stating that the issue is legally acceptable.
Legal person
An individual or company recognized in law as having standing to be a party in a legal suit.
Legal risk
The risk associated with the impact of a defect in the documentation on cash flow or debt service.
Legal transfer
A stock transaction that requires special documentation in addition to standard stock or bond power to be legally valid.
PREVIOUS AND NEXT TERMS--------------------------------------
Ledger
A book in which the accounts of a business are kept.
Ledger cash
A firm's cash balance as reported in its financial statements. Also called book cash.
Leg
A term describing one side of a position with two or more sides. When a trader legs into a spread, they establish one side first, hoping for a favorable price movement so the other side can be executed at a better price.
Legal bankruptcy
A legal proceeding for liquidating or reorganization a business.
Legal capital
Value at which a company's shares are recorded in its books.
Legal defeasance
Legal entity
A person or organization that can legally enter into a contract, and may therefore be sued for failure to comply with the terms of the contract.
Legal investments
Investments that a regulated entity is permitted to make under the rules and regulations that govern its conduct.
Legal list
A list of approved securities in which institutions such as savings banks, life insurance companies and pension funds may invest.
Legal monopoly
A government-regulated firm that is legally entitled to be the only company offering a particular service in a particular area.
Legal opinion
A statement, usually written by a specialized law firm, required for a new municipal bond issue stating that the issue is legally acceptable.
RELATED TERMS--------------------------------------
Cash
The value of assets that can be converted into cash immediately, as reported by a company. Usually includes bank accounts and marketable securities, such as government bonds and banker's acceptances.
Securities
Saleable papers, traded on stock exchanges, that yield an income (dividend, interest, etc.).
Bond
Certificate, stating that the issuer is committing himself to repay the loan, including interest and other payments, to the holder.
Indenture
Agreement between lender and borrower that details specific terms of the bond issuance. Specifies legal obligations of bond issuer and rights of bondholders.
Trust
A large combination of business organizations, possibly tending towards a monopoly.
Issuer
A financial institution or other organization responsible for supplying credit cards, debit accounts, checks, electronic tokens, and so on.
SIMILAR TERMS--------------------------------------
LEGACY Credit Union
LEGACY is a credit union with head office in PORTLAND, OR
Legacy Hotels REIT
Legacy Hotels REIT is one of Canada's largest companies.
Legal & General Group
Legal & General Group is a top British corporation in the field of insurance, and its estimated market value is 14,780 million US dollars.
Legal and General
Legal and General is a major British company.
Legal bankruptcy
A legal proceeding for liquidating or reorganization a business.
Legal capital
Value at which a company's shares are recorded in its books.
Legal entity
A person or organization that can legally enter into a contract, and may therefore be sued for failure to comply with the terms of the contract.
Legal investments
Investments that a regulated entity is permitted to make under the rules and regulations that govern its conduct.
Legal list
A list of approved securities in which institutions such as savings banks, life insurance companies and pension funds may invest.
Legal monopoly
A government-regulated firm that is legally entitled to be the only company offering a particular service in a particular area.
Legal opinion
A statement, usually written by a specialized law firm, required for a new municipal bond issue stating that the issue is legally acceptable.
Legal person
An individual or company recognized in law as having standing to be a party in a legal suit.
Legal risk
The risk associated with the impact of a defect in the documentation on cash flow or debt service.
Legal transfer
A stock transaction that requires special documentation in addition to standard stock or bond power to be legally valid.
PREVIOUS AND NEXT TERMS--------------------------------------
Ledger
A book in which the accounts of a business are kept.
Ledger cash
A firm's cash balance as reported in its financial statements. Also called book cash.
Leg
A term describing one side of a position with two or more sides. When a trader legs into a spread, they establish one side first, hoping for a favorable price movement so the other side can be executed at a better price.
Legal bankruptcy
A legal proceeding for liquidating or reorganization a business.
Legal capital
Value at which a company's shares are recorded in its books.
Legal defeasance
Legal entity
A person or organization that can legally enter into a contract, and may therefore be sued for failure to comply with the terms of the contract.
Legal investments
Investments that a regulated entity is permitted to make under the rules and regulations that govern its conduct.
Legal list
A list of approved securities in which institutions such as savings banks, life insurance companies and pension funds may invest.
Legal monopoly
A government-regulated firm that is legally entitled to be the only company offering a particular service in a particular area.
Legal opinion
A statement, usually written by a specialized law firm, required for a new municipal bond issue stating that the issue is legally acceptable.
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This dictionary contains 24549 terms.
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