Extinguish

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Related to extinguishment: Early Extinguishment of Debt

Extinguish

Retire or pay off debt.

Extinguish

To cause a security to cease to exist. This especially applies to debt securities; for example, when a bond matures, it is said to be extinguished. See also: Repay.
References in periodicals archive ?
7 million for the first nine months of fiscal 2004, excluding debt extinguishment and litigation settlement charges.
Less other (income) expenses mainly early extinguishment of debt
The Tax Court upheld the IRS's determination, finding that the deduction failed to comply with the perpetuity requirement because extinguishment of the easement arising from a casualty would place the bank's claim to insurance proceeds above that of NAT.
Those chiefs sent letters to the Indian Affairs minister, the prime minister and the provincial premier in early October which called on Canada to abandoned plans to include extinguishment of Aboriginal rights as a condition of any modern-day treaties.
After reviewing various options to redeploy our excess cash position, we determined that the extinguishment of higher-cost debt was the best use of that cash.
The IRS considered whether X or Y would recognize income as a result of an extinguishment of the notes.
EBITDA for the current quarter was $17,000, which includes $144,000 of stock-based compensation and a $364,000 charge for early extinguishment of debt.
A cancellation or extinguishment that renders a debt unenforceable in a receivership, foreclosure, or similar proceeding in a Federal or state court, as described in Sec.
1 million loss on the early extinguishment of debt in fiscal 2006 and the previously reported $33.
As a result of this amendment, the Company will recognize a non-operating debt extinguishment loss on a pretax basis of approximately $61.
94, which expresses the SEC staff views about when a gain or loss should be recognized on the early extinguishment of debt.