what is a defeasance?
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- Defeasance is a substitution of collateral. The borrower uses proceeds from a refinance or sale to purchase a portfolio of securities that is sufficient to make the remaining debt service payments required by the loan. The securities are pledged to the lender who releases the real estate from the lien of the mortgage.
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- The ability to choose yield maintenance or defeasance when. exiting a CMBS financing often is decided at loan. origination. The method used to exit the financing is. determined by the prepayment terms dictated by the loan. documents and the state of the markets at the time of. repayment. The differences associated with the cost of yield. maintenance and defeasance best can be shown with a. hypothetical loan.
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defeasance A provision in a loan or bond removing it as a liability on a balance sheet if cash or a portfolio is set aside for debt service. Usually defeasance occurs when a borrower owns a portfolio of Treasury securities, the coupons of which are used to service a debt. When the borrower has set aside sufficient assets to cover the debt, the debt does not need to be recorded on a balance sheet.
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What is DEF? DEF is never added to diesel fuel. It is a non-hazardous solution of 32.5% urea in 67.5% de-ionized water. DEF is clear and colorless, and looks exactly like water.
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Defeasance Clause If the mortgagor failed to pay the debt, even by only one day, the mortgagee's title became an estate in fee simple absolute, which gave the mortgagee absolute ownership of the property. A defeasance clause embodies these common-law principles that govern this type of mortgage agreement. Defeasance clauses are not found in mortgages based upon the lien theory, observed in most states. The mortgage creates a lien for the mortgagee on the mortgaged property, which gives the mortgagee the right to its possession only after the mortgage has been foreclosed.
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DEF FAQ A. Diesel Exhaust Fluid (DEF) is a precise mixture of urea and de-ionized water that is used in the SCR process. DEF is 32.5% urea and 67.5% de-ionized water, this mixture must be very precise when blended, and will cause problems if either of the parts is improperly added to the solution.. Diesel Exhaust Fluid (DEF) is a precise mixture of urea and de-ionized water that is used in the SCR process. DEF is 32.5% urea and 67.5% de-ionized water, this mixture must be very precise when blended, and will cause problems if either of the parts is improperly added to the solution.
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What is 'Forbearance' What is 'Forbearance'. Forbearance is a temporary postponement of mortgage payments. Forbearance is a form of repayment relief granted by the lender or creditor in lieu of forcing a property into foreclosure. Loan owners and loan insurers may be willing to negotiate forbearance options, because the losses generated by property foreclosure typically fall on them.
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Mold Definitions Mold Definitions. For a definition of specific mold types, click on the name below. Note: In the definitions, Aw refers to the water activity measurement, where Aw is equal to the relative humidity of the air surrounding the sample when the air and the sample are at equilibrium (in an enclosed space).
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Definitions &Translations Defile is a geographic term for a narrow pass or gorge between mountains or hills. It has its origins as a military description of a pass through which troops can march only in a narrow column or with a narrow front. On emerging from a defile into open country, soldiers are said to debouch.efile is a geographic term for a narrow pass or gorge between mountains or hills. It has its origins as a military description of a pass through which troops can march only in a narrow column or with a narrow front. On emerging from a defile into open country, soldiers are said to debouch.
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- Brief Synopsis. 1  Paul Crewe is a former professional quarterback who was ostracized when he was caught shaving points. After beating up his girlfriend and then resisting arrest, he is put in jail. 2  Paul Crewe is a former professional quarterback who was ostracized when he was caught shaving points.
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- Enfilade and defilade. Enfilade and defilade are concepts in military tactics used to describe a military formation's exposure to enemy fire. A formation or position is in enfilade if weapons fire can be directed along its longest axis.
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- Hoar frost melting on grass in France. Frost is the coating or deposit of ice that may form in humid air in cold conditions, usually overnight. In temperate climates it most commonly appears as fragile white crystals or frozen dew drops near the ground, but in cold climates it occurs in a greater variety of forms.
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- 1 The storage life of DEF varies, Page says. 2  Its urea is vulnerable to degradation from sunlight and higher temperatures. 3  In favorable storage conditions (proper container, away from direct sunlight, temperatures between 12 and 86 degrees F), DEF can maintain its qualities for about 12 months.iesel exhaust fluid, or DEF, is a solution of urea and water that breaks down harmful engine emissions when sprayed into the exhaust stream of diesel vehicles. It is available in different container sizes and marketed under different brand names, like this AGCO DEF. Related Media.
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- AST revolutionized the defeasance industry by pioneering the sharing of residual with the borrower in 2006 when none of its competitors offered borrowers a split of this value. Often times this reduction in borrower’s defeasance cost is what makes the transaction affordable.
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What Is The Defeasance Clause? A provision of a mortgage an interest in land given to mortgagee lender secure the payment debt which promises that mortgagor borrower will regain title mortgaged property when all terms have been met definition defeasance clause included agreement permits designated buyer received (deed) is deed provides conveyance be ineffective if pays on indicating once are.
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- 1. throw someone or something out of a window 2. [fig.][fam.] dismiss/remove (sb) from a position of authority/power. Ex1: The inspector considers the assumption that the victim might have been defenastrated. Ex2: Due to the lack of results, the decision was taken to 'defenestrate' the manager.
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Defeasance Pledge And Security Agreement Defeasance Pledge And Security Agreement - This Security Agreement Involves Casa Munras Hotel Partners L P , U.s. Bank National Association , Wells Fargo Bank , Amresco Capital L.p Menu Plans & Pricing
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Glossary of Municipal Securities Terms DEFEASANCE OR DEFEASED. Termination of certain of the rights and interests of the bondholders and of their lien on the pledged revenues or other security in accordance with the terms of the bond contract for an issue of securities.
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Defoaming and Deaeration Air (gas) dissolved in material appears as air bubbles when the material's temperature and/or pressure is changed. The removal of air bubbles occurring under certain conditions (temperature/pressure) is defined as defoaming at Thinky. For instance, a large amount of oxygen is dissolved in water-based ink.
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Spring (hydrology) A spring is any natural situation where water flows from an aquifer to the Earth's surface. It is a component of the hydrosphere.
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- JONNY PHILLIPS: This quaint English village might look like the perfect place for cream teas and picnics on the beach. But it harbors a deadly secret. The whole area is covered with dangerous patches of quicksand. JONNY PHILLIPS: When water floods into sand it forces the sand particles apart causing the ground to loosen, what's left is a soggy combination of the two that can no longer support as much weight, so when you stand on it you start to sink.
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- Overview (3) Alicia Silverstone was born on October 4, 1976 in San Francisco, California, the youngest of three children. She is the daughter of Didi (Radford), a former flight attendant, and Monty Silverstone, a real-estate investor.
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What is an Inseam? The inseam is the element that binds the interior leg of pants made for both men and women. As part of the tailoring process, this seam is the inside stitching that creates a seal between the sections of fabric that form the front and back portions of the leg of the garment.
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Impeachment What is Impeachment. Impeachment is a process that takes place in order to determine whether a public official can be removed from office after being accused of a wrongdoing. Each country around the globe has laws that address the process of impeachment. These laws specify which public officials are subject to impeachment, the legislative body allowed to initiate impeachment proceedings, and how many votes are required to convict the official, for removal from office.
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defeasance DEFEASANCE, contracts, conveyancing. An instrument which defeats the force or operation of some other deed or estate. That, which in the same deed is called a condition, in another deed is a defeasance. 2. Every defeasance must contain proper words, as that the thing shall be void. 2 Salk. 575 Willes, 108; and vide Carth.
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Fee Simple and Fee Simple Absolute Fee Simple Defeasible. A fee simple defeasible is a fee simple that could end with the violation of a condition. Fee simple defeasible can be confusing, because it is easy to assume that if the interest could end, then one of the two characteristics of a fee simple may not be met.