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A bond liability can be extinguished so that the issuing company is legally released from being the primary obligor of the liability. This process is
A bond liability can be extinguished so that the issuing company is legally released from being the primary obligor of the liability. This process is referred to as bond guarantee. defeasance. debt restructuring. early retirement
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Intermediate Accounting
Authors: James D. Stice, Earl K. Stice, Fred Skousen
16th Edition
324376375, 0324375743I, 978-0324376371, 9780324375749, 978-0324312140
