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DEBT DEFEASANCE

Statistics Directorate    
French Equivalent: Défausse de la dette

Definition:
Debt defeasance allows a debtor (whose debts are in the form generally of securities other than shares and loans) to remove certain liabilities from the balance sheet by pairing irrevocably assets of equal value to the liabilities.

Source Publication:
SNA 11.24.

Hyperlink:
http://esa.un.org/unsd/sna1993/introduction.asp

Statistical Theme: National accounts

Created on Tuesday, September 25, 2001

Last updated on Monday, November 05, 2001