Today's Finance Jargon
Securities that have been secured by another asset, such as cash or a cash equivalent, by the debt-issuing firm. Firms that have created defeased securities, which are typically bonds, will have sufficient cash set aside for retirement of the debt upon maturity.
Today's Law Jargon
An impediment that prevents a person from asserting or doing something contrary to his own previous assertion or act.
Today's Engineering Jargon
A rod with graduated marks for measuring heights or vertical distances between given points and the line of sight of a leveling instrument. They are longer than a yardstick and are held by a surveyor in a vertical position.
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