Uncertainty in the stranded debt from electricity sector restructuring arises from the numerous estimates and assumptions made about the future defeasance of this debt. |
Changes in total domestic debt and loans include defeasance transactions. |
It does look as if it is to aid the taxpayer though, does it not, because it is then subject to defeasance, if you like, under itself. |
It exists only at the sufferance of Congress and is subject to complete defeasance. |
This condition is known as the defeasance because it defeats or undoes the bond. |
Many conduit loans made in the '90s are now subject to defeasance as the only method to unlock equity in real estate property. |