Commodus really did have a sister named Lucilla, and, as depicted in the movie, she hated him. Lucilla was married to the co-emperor, Lucius Verus. Lucilla plotted to have Commodus assassinated, but Commodus had her exiled for the plot and later executed.
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.
Freebase(0.00 / 0 votes)Rate this definition: Loan. In finance, a loan is a debt evidenced by a note which specifies, among other things, the principal amount, interest rate, and date of repayment. A loan entails the reallocation of the subject asset for a period of time, between the lender and the borrower. In a loan, the borrower initially receives or borrows an amount of money, called the principal, from the lender, and is obligated to pay back or repay an equal amount of money to the lender at a later time.