In-Substance Defeasance

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In-substance defeasance

Process through which debt is removed from the balance sheet but not canceled.

In-Substance Debt Defeasance

A provision in a loan removing it from a balance sheet if cash or a portfolio is set aside for debt service. Usually, defeasance occurs when a borrower owns a portfolio of Treasury securities whose coupons are used to service a debt. When the borrower has set aside sufficient assets to cover the debt, the debt does not need to be recorded on a balance sheet.

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Economic defeasance

HNT) to 'BBB+' from 'BB+', following an in-substance defeasance of the notes.

Fitch Upgrades Health Net's Sr. Notes to 'BBB+' from 'BB+' by Business Wire

a wholly owned subsidiary, has completed and in-substance defeasance of all outstanding 8 3/4 percent and 9 percent debentures due 2001, with an aggregate current outstanding principal amount of $60 million.

Eastern Enterprises announces defeasance of Boston Gas debentures due ... by Business Wire

The charges related to an extraordinary loss from an in-substance defeasance of debt and settlement of a civil suit that were both effected in the fourth quarter of last fiscal year.

Litton announces fiscal 1995 results; net income from continuing ... by Business Wire

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In-house processing float
in-house sale
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In-line
In-service withdrawal
In-Substance Debt Defeasance
In-Substance Defeasance
In-the-Money
In-the-Money Option
Inactive Account
Inactive asset
inactive bond crowd
inactive license
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In-situ resource utilization
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In-situ sorting algorithm
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In-situ Storage Image Sensor
In-Situ Thickness Measurement System
In-situ transposition
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In-Source Collision Induced Dissociation
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In-Space Technology Experiment
In-Space Technology Experiments Program
in-stent restenosis
IN-STEP
In-Stock Certification Program
in-store

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In-Store Digital Media
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in-substance debt defeasance
In-Substance Defeasance
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In-Tac anchoring system

In-Tank Precipitation
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In-the-money
In-the-money option
In-The-Primary Zone
in-the-seam mining
In-Theater Computer Repair Activity
IN-TINA Adaptation Unit
In-Transit Buffer
In-Transit Carrying Costs
In-Transit Data Card
In-Transit Evacuation Facility
In-transit Security and Survivability System
in-transit visibility

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