Defeasance in the context of mortgages refers to:\ A process where borrowers substitute qualifying securities, typically government treasuries, as replacement collateral to repay a CMBS loan.\ A negotiation tactic between lenders and borrowers to lower interest rates.\ The early repayment of a CMBS loan through cash.\ A process where borrowers use properties as collateral to secure a new CMBS Ioan.

Defeasance in the context of mortgages refers to: A process where borrowers substitute qualifying securities, typically government treasuries, as replacement collateral to repay a CMBS Ioan. A negotiation tactic between lenders and borrowers to lower interest rates. The early repayment of a CMBS loan through cash. A process where borrowers use properties as collateral to secure a new CMBS loan