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Legal defeasance |
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Legal defeasance The 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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| 00% trust originated preferred securities due 2031 through a legal defeasance. Fitch has upgraded Central Hudson Gas and Electric Corporation's (CHG&E) senior unsecured obligations and preferred securities to reflect the legal defeasance of its $35 million first mortgage bonds on Nov. |
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