How Do You Spell DEFEASANCED?

Pronunciation: [dɪfˈiːzənst] (IPA)

Defeasanced is a term commonly used in the legal jargon which means to nullify or cancel a contract clause. The spelling of the word "defeasanced" is pronounced as /dɪˈfiːzənst/ (dee-fee-zuhnst). The phonetic transcription of this term includes the consonant sound of 'd' followed by a short vowel sound of 'i', then 'f', long vowel sound of 'ee' and ending with 'z' and 'ənst'. The spelling of this term may seem difficult to pronounce, but with correct pronunciation, the word can be used accurately in different contexts.

DEFEASANCED Meaning and Definition

1. Defeasanced is an adjective that refers to a legal term used to describe a financial instrument or investment that has undergone defeasance. Defeasance is a process by which a contractual obligation or liability is rendered null and void.

   In the context of financial instruments or investments, defeasance typically involves the setting aside of funds or assets to ensure the timely repayment of debt obligations. The purpose of defeasancing a loan or bond is to remove it from the balance sheet, reducing the overall debt burden and improving the financial position of the issuer.

   When a financial instrument is defeasanced, it means that the issuer has taken the necessary steps to provide collateral or assets that will cover the outstanding debt. This collateral or assets are usually held in a trust or escrow account, which ensures that the funds are safeguarded for the specific purpose of repaying the debt.

   Defeasanced financial instruments are often considered less risky for investors since the collateral or assets set aside can be used to repay the debt even if the issuer faces financial difficulties or defaults on other obligations. These instruments may also have a higher credit rating as a result of being defeasanced.

   In summary, defeasanced refers to a financial instrument or investment that has undergone defeasance, which is the process of setting aside assets or funds to eliminate a contractual obligation.

2. Liable to be forfeited.

   Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.

Common Misspellings for DEFEASANCED

• sefeasanced
• xefeasanced
• cefeasanced
• fefeasanced
• refeasanced
• eefeasanced
• dwfeasanced
• dsfeasanced
• ddfeasanced
• drfeasanced
• d4feasanced
• d3feasanced
• dedeasanced
• deceasanced
• deveasanced
• degeasanced
• deteasanced
• dereasanced
• defwasanced

Etymology of DEFEASANCED

The word "defeasanced" is derived from the verb "defeasance", which can be traced back to the Middle English term "defesaunce" or "defesance". Both of these variations originated from the Anglo-French word "defesaunce" or "defesance". This Anglo-French term comes from the Old French word "defeser", meaning "to defend". In legal contexts, the term "defeasance" refers to the act of making something void or annulled, often seen in legal agreements, contracts, or deeds. Consequently, "defeasanced" is the past participle form of the verb "defeasance" or the adjective form indicating that something has been rendered void or annulled.