What is meant by defeasance? Can debt that is subject to a defeasance arrangement be derecognized? Contrast
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What is meant by defeasance? Can debt that is subject to a defeasance arrangement be derecognized? Contrast this with an in-substance defeasance.
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Defeasance Defeasance is a financial arrangement where a company typically a borrower replaces the debt obligations with a portfolio of highquality li...View the full answer
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