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Defeasance শব্দের বাংলা অর্থ: বাতিলকরণ
Defeasance Meaning In Bengali বাতিলকরণ
Defeasance
পরাজয়, বাতিলকরণ, নাকচকরণ,
Definition
1) Defeasance refers to the act of annulling, undoing, or making void a legal agreement or contract. It often involves fulfilling certain conditions or requirements specified in the agreement to nullify its effects.
2) In finance and real estate, defeasance is a process where a borrower substitutes a collateral, typically government securities, for the original collateral securing a loan. This is often done to release the original collateral from the loan obligation.
3) Defeasance can also refer to the act of extinguishing a debt by setting aside sufficient funds or assets to pay off the debt when it becomes due, thereby eliminating the financial obligation.
Examples
Defeasance Example in a sentence
1) The company used a defeasance agreement to release itself from its financial obligations.
2) The defeasance of the mortgage allowed the homeowner to transfer the title of the property.
3) They arranged a defeasance transaction to extinguish the debt tied to the investment.
4) The defeasance clause in the contract outlined the conditions for terminating the agreement.
5) The defeasance provision protected the lender in case of default by the borrower.
6) The lawyer explained that a defeasance strategy could be used to eliminate legal claims.
7) The legal team recommended including a defeasance clause in the lease agreement.
8) The company pursued a defeasance plan to secure better terms for its creditors.
9) The finance department studied the feasibility of executing a defeasance transaction.
10) The board of directors approved the defeasance of the loan for the construction project.
Part of Speech
Defeasance (Noun)
Synonyms
Licking , Defeat , Loss , Frustration , Discomfiture , Defeasance - (NOUN) পরাজয়
Vitiation , Defeasance - (SYNONYM) বাতিলকরণ
Defeasance - (SYNONYM) নাকচকরণ
Encyclopedia
Defeasance refers to the act of annulling, undoing, or making void a legal agreement or contract. It often involves fulfilling certain conditions or requirements specified in the agreement to nullify its effects.
In finance and real estate, defeasance is a process where a borrower substitutes a collateral, typically government securities, for the original collateral securing a loan. This is often done to release the original collateral from the loan obligation.
Defeasance can also refer to the act of extinguishing a debt by setting aside sufficient funds or assets to pay off the debt when it becomes due, thereby eliminating the financial obligation.
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