defeasance
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Rather than paying the 101-cent put, EA pursued a defeasance strategy for a pair of $750 million bonds it previously issued, one due in 2031 and the other in 2051.
From The Wall Street Journal ● Oct. 5, 2026
The federal government appoints a financial agent—the Treasury or the Department of Housing and Urban Development—to manage mortgage defeasance accounts.
From The Wall Street Journal ● Dec. 26, 2025
The defeasance manager provides the seller or settlement agent with a fair-market valuation of the remaining payments on a home’s outstanding mortgage, determined using the current market prices of a portfolio of Treasury securities.
From The Wall Street Journal ● Dec. 26, 2025
The defeasance agent’s guarantee to remit the remaining mortgage payments to the mortgage servicer on time and in full substitutes for the home seller’s liability.
From The Wall Street Journal ● Dec. 26, 2025
This condition is known as the defeasance because it defeats or undoes the bond.
From Encyclopaedia Britannica, 11th Edition, Volume 4, Slice 2 "Bohemia" to "Borgia, Francis" by Various
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