TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

DEBT DEFEASANCE [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1998-02-16

English

Subject field(s)
  • Investment
DEF

Extinguishing debt through the provision of a financial asset (e.g. zero coupon bond) to be held in a trust account as collateral against the principal of the debt. The face value and maturity of the collateral instruments are designed to match those of the debt being defeased so that the proceeds of the collateral instruments at maturity may be used to fully repay the principal in a single balloon payment.

French

Domaine(s)
  • Investissements et placements

Spanish

Campo(s) temático(s)
  • Inversiones
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