I could not remember this term for the life of me. What Does Defeasance Mean? A provision that voids a bond or loan when the borrower sets aside cash or bonds sufficient enough to service the borrower’s debt. Also referred to as “defease.” The borrower sets aside cash to pay off the bonds, therefore the outstanding debt and cash offset each other on the balance sheet and don’t need to be recorded.
First one.
Feel free to throw in any other terms/definitions.
Normal Backwardation and Contango§ If all the hedgers are on the long side, the opposite will be true: §Hedgers (longs) are rejecting price risk §Speculators (shorts) will require compensation to accept risk §Result: Futures price >expected spot price §This is called normal contango
remaindermen who are they exactly? got it in an ethics q today.
A person or organization that is to receive the remaining interest in a property or estate after prior interests have been satisfied.