Webthe act of extinguishing, putting out, or quenching, or the state of being extinguished; extinction; suppression; destruction; nullification; as, the extinguishment of fire or flame, of discord, enmity, or jealousy, or of love or affection Extinguishment noun the annihilation or extinction of a right or obligation WebExtinguishment is the destruction of a right or contract. If the subject of the contract is destroyed, then the contract may be made void. Extinguishment occurs in a variety of contracts, such as land contracts, debts, rents, and right of ways.
EXTINGUISHMENT - Definition and synonyms of extinguishment in …
WebDefinition:Extinguishment of copyhold refers to the destruction of copyhold by uniting freehold and copyhold interests in the same person and in the same right. In England, copyholds were enfranchised under the 1922 Law of Property Act and became either leasehold or freehold. WebExtinguish. To cause a security to cease to exist. This especially applies to debt securities; for example, when a bond matures, it is said to be extinguished. See also: Repay. Farlex … centrum nauki kopernik kontakt
extinguishment of copyhold definition · LSData
Webnoun [ C or U ] uk us ACCOUNTING the fact of removing a debt from a company’s financial records because it has been paid back or no longer exists: a debt extinguishment profit/loss The conversion of the debentures to Series A Stock resulted in a debt extinguishment loss of $1,048,000. Want to learn more? WebApr 9, 2024 · extinguish in British English (ɪkˈstɪŋɡwɪʃ ) verb (transitive) 1. to put out or quench (a light, flames, etc) 2. to remove or destroy entirely; annihilate 3. archaic to eclipse or obscure by or as if by superior brilliance 4. law to discharge (a debt ) Collins English Dictionary. Copyright © HarperCollins Publishers Derived forms WebA debt extinguishment can occur when a reporting entity settles its debt for cash, other assets, or equity. In accordance with ASC 470-50-40-2, an extinguishment gain or loss equal to the difference between the re-acquisition price and the net carrying amount of the debt instrument should be recognized in the income statement. centrum nauki kopernik planetarium