A divided ISD Board of Trustees defeated a proposed $350 million bond election on a split 3-3 vote on Thursday, failing to meet a state deadline to place the proposal before the voters. Board ...

A defeasance clause in real estate is a provision in loan agreements that defines how a borrower can satisfy the lender's requirements in order to release their lien on the property. This clause ...

Some CMBS contracts include a defeasance clause, meaning that if the borrower pays off the loan early, they must replace the lost interest and collateral with similar securities. For example ...