CMIC [Internet]; Aug 9, 2016 [cited 2016 Aug 9]. Available from: http://www.allacronyms.com/CMIC. 'CMIC', All Acronyms, 9 August 2016, <http://www.allacronyms.com/CMIC> [accessed 9 August 2016] All Acronyms, CMIC (Aug. 9, 2016, 2:08 AM), available at http://www.allacronyms.com/CMIC.
Defeasance is a substitution of collateral. The borrower uses proceeds from a refinance or sale to purchase a portfolio of securities that is sufficient to make the remaining debt service payments required by the loan. The securities are pledged to the lender who releases the real estate from the lien of the mortgage.
deâ¢fiâ¢cienâ¢cy /dÉªËfÉªÊÉnsi/USA pronunciation n., pl. -cies. [ 1 uncountable] the state or condition of lacking something:suffering from vitamin deficiency. 2  something lacking[countable]a patient with a calcium deficiency. 3  something imperfect; flaw; defect[countable]In spite of its deficiencies, this is basically a very good paper.