Defeasance probably isn’t a word you hear used in everyday conversation. When you’re buying a home, though, it’s important to know what it means — it refers to terminating something, or rendering it ...

When you buy a house, closing day is as exciting as it gets. You’re finally getting the keys to your new home! But before that can happen, you need to sign a stack of papers as thick as a school ...

Covenant defeasance allows the issuer to remove the bond's covenants by placing the remaining payments with a trustee in escrow to be paid out on schedule.