TERMIUM Plus®
The Government of Canada’s terminology and linguistic data bank.
DEBT DEFEASANCE [3 records]
Record 1 - internal organization data 2009-04-20
Record 1, English
Record 1, Subject field(s)
- Loans
- Accounting
Record 1, Main entry term, English
- legal defeasance
1, record 1, English, legal%20defeasance
correct
Record 1, Abbreviations, English
Record 1, Synonyms, English
Record 1, Textual support, English
Record number: 1, Textual support number: 1 CONT
A legal defeasance occurs when debt is legally satisfied based on certain provisions in the debt instrument even though the debt is not actually paid. 2, record 1, English, - legal%20defeasance
Record 1, French
Record 1, Domaine(s)
- Prêts et emprunts
- Comptabilité
Record 1, Main entry term, French
- désendettement de droit
1, record 1, French, d%C3%A9sendettement%20de%20droit
correct, masculine noun
Record 1, Abbreviations, French
Record 1, Synonyms, French
Record 1, Textual support, French
Record number: 1, Textual support number: 1 DEF
Désendettement qui conduit à l'extinction juridique de la dette, même si la dette n'est pas effectivement remboursée, par opposition au désendettement de fait. 1, record 1, French, - d%C3%A9sendettement%20de%20droit
Record 1, Spanish
Record 1, Textual support, Spanish
Record 2 - internal organization data 1999-02-18
Record 2, English
Record 2, Subject field(s)
- Accounting
- Loans
Record 2, Main entry term, English
- in substance defeasance
1, record 2, English, in%20substance%20defeasance
correct
Record 2, Abbreviations, English
Record 2, Synonyms, English
- in-substance defeasance 2, record 2, English, in%2Dsubstance%20defeasance
correct
- in substance debt defeasance 3, record 2, English, in%20substance%20debt%20defeasance
correct
Record 2, Textual support, English
Record number: 2, Textual support number: 1 DEF
An arrangement similar to defeasance except that the debtor continues to be contingently obligated for interest and capital payments, notwithstanding the establishment of the irrevocable trust. 4, record 2, English, - in%20substance%20defeasance
Record number: 2, Textual support number: 1 CONT
... a debt is extinguished in substance if essentially risk-free assets are irrevocably placed in a trust for the sole purpose of satisfying all the scheduled payments of that debt. This is known as an "in-substance defeasance". 5, record 2, English, - in%20substance%20defeasance
Record number: 2, Textual support number: 1 OBS
Compare with "legal defeasance". 6, record 2, English, - in%20substance%20defeasance
Record 2, French
Record 2, Domaine(s)
- Comptabilité
- Prêts et emprunts
Record 2, Main entry term, French
- désendettement de fait
1, record 2, French, d%C3%A9sendettement%20de%20fait
correct, masculine noun, standardized
Record 2, Abbreviations, French
Record 2, Synonyms, French
Record 2, Textual support, French
Record number: 2, Textual support number: 1 DEF
Technique consistant à faire disparaître du bilan du débiteur des dettes dont l'existence juridique subsiste, mais dont le service est confié à un organisme tiers, à qui des titres ou valeurs sont transférés irrévocablement à cet effet. 2, record 2, French, - d%C3%A9sendettement%20de%20fait
Record number: 2, Textual support number: 1 OBS
Le désendettement de fait [...] s'oppose à la cession de la dette [...] qui est une extinction juridique de la dette. 2, record 2, French, - d%C3%A9sendettement%20de%20fait
Record number: 2, Textual support number: 2 OBS
Terme normalisé par le gouvernement de la France. 3, record 2, French, - d%C3%A9sendettement%20de%20fait
Record 2, Spanish
Record 2, Textual support, Spanish
Record 3 - internal organization data 1998-02-16
Record 3, English
Record 3, Subject field(s)
- Investment
Record 3, Main entry term, English
- debt defeasance through the sinking fund mechanism 1, record 3, English, debt%20defeasance%20through%20the%20sinking%20fund%20mechanism
Record 3, Abbreviations, English
Record 3, Synonyms, English
Record 3, Textual support, English
Record number: 3, Textual support number: 1 DEF
Variety of debt defeasance whereby the debt principal is collateralized not through an upfront purchase of a zero coupon bond or other financial instruments, but instead through pledging the accumulated funds of a sinking fund, which is financed through periodic future payments by the debtor. 1, record 3, English, - debt%20defeasance%20through%20the%20sinking%20fund%20mechanism
Record 3, French
Record 3, Domaine(s)
- Investissements et placements
Record 3, Main entry term, French
- plan de réduction de la dette avec fonds d'amortissement
1, record 3, French, plan%20de%20r%C3%A9duction%20de%20la%20dette%20avec%20fonds%20d%27amortissement
masculine noun
Record 3, Abbreviations, French
Record 3, Synonyms, French
Record 3, Textual support, French
Record 3, Spanish
Record 3, Campo(s) temático(s)
- Inversiones
Record 3, Main entry term, Spanish
- anulación de deudas con la garantía de un fondo de amortización
1, record 3, Spanish, anulaci%C3%B3n%20de%20deudas%20con%20la%20garant%C3%ADa%20de%20un%20fondo%20de%20amortizaci%C3%B3n
feminine noun
Record 3, Abbreviations, Spanish
Record 3, Synonyms, Spanish
Record 3, Textual support, Spanish
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