TERMIUM Plus®

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

LEGAL DEFEASANCE [1 record]

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Alphabetical list of terms

Record 1 2009-04-20

English

Subject field(s)
  • Loans
  • Accounting
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.

French

Domaine(s)
  • Prêts et emprunts
  • Comptabilité
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.

Spanish

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TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
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