Insubstance debt defeasance refers to an arrangement where assets are placed in trust,meaning that the creditor has now been paid in full:

Name: Insubstance debt defeasance refers to an arrangement where assets are placed in trust,meaning that the creditor has now been paid in full:
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Insubstance debt defeasance involves placing assets in a trust to cover future debt payments, but it does not mean the creditor has been paid in full immediately.

Insubstance Debt Defeasance Refers to an Arrangement Where Assets Are