Article: In-Substance Debt Defeasance: Faded Fad or Latent Threat? Journal: Journal of Business and Management (JBM) 1993 Vol.1 No.1 pp.60 - 80 Abstract: In the mid-1980s, in-substance defeasance attracted a great deal of attention from corporate management, the financial community, and accounting regulatory bodies. This paper explores the history of the controversy, what has been learned from empirical studies, and the continuing concerns about the use and misuse of defeasance as a financial maneuver and an accounting technique. Inderscience Publishers - linking academia, business and industry through research

Title: In-Substance Debt Defeasance: Faded Fad or Latent Threat?

Authors: Teresa P. Gordon; Marion G. Reyes; Jerry L. Wegman

Addresses: Author address listing can be found in the "About the Authors" section at the end of the article.

Abstract: In the mid-1980s, in-substance defeasance attracted a great deal of attention from corporate management, the financial community, and accounting regulatory bodies. This paper explores the history of the controversy, what has been learned from empirical studies, and the continuing concerns about the use and misuse of defeasance as a financial maneuver and an accounting technique.

Keywords: In-substance defeasance; debt; corporate management regulatory bodies; financial maneuver; accounting technique.

DOI: 10.1504/JBM.1993.140991

Journal of Business and Management, 1993 Vol.1 No.1, pp.60 - 80

Published online: 05 Sep 2024 *

Title: In-Substance Debt Defeasance: Faded Fad or Latent Threat?

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