A security that has essentially been secured via another type of asset by the firm that is issuing the debt. These other assets could include cash or another asset that is equivalent to cash.
Related information about defeased securities:
- Defeased Securities Definition | Investopedia
Firms that have created defeased securities, which are typically bonds, will have sufficient cash set aside for retirement of the debt upon maturity.
- What is defeased securities? definition and meaning
Definition of defeased securities: A security that has essentially been secured via another type of asset by the firm that is issuing the debt. These other assets ...
- The International Law Firm of Fulbright & Jaworski - "S&P ...
Aug 12, 2011 ... Municipal securities that may have been downgraded include defeased securities, securities secured by financial obligations guaranteed by a ...
- Public Finance Quarterly Newsletter - Fulbright & Jaworski LLP
Municipal securities that may have been downgraded include defeased securities, securities secured by financial obligations guaranteed by a federal agency, ...
- Standard & poor's - August 2011
These include entities with significant exposures to sovereign secu- rities such as most domestic banks and insurance companies, and defeased securities ...
- 604 Structured Finance Ratings Put On CreditWatch ... - PHEAA
Jul 15, 2011 ... Defeased securities (or transactions with defeased collateral) are transactions where the outstanding principal amount, plus the interest ...
- Sep 10, 2012
Sep 11, 2012 ... Existing Securities or the Defeased Securities, the costs (including, without limitation, court costs and attorneys' fees) of any litigation, ...
- to download (PDF) - Jones Hall
including those payable from different revenue sources? 50. Are defeased securities counted towards the $10,000,000 small issuer exemption? CONCLUSION ...