I will take exception to this.Originally Posted by Carl
FRNs are notes. Notes are debt instruments. Notes transfer title, but the debt remains. FRNs discharge debt in equity.
Lawful tender extinguishes debt at law.
I will take exception to this.Originally Posted by Carl
FRNs are notes. Notes are debt instruments. Notes transfer title, but the debt remains. FRNs discharge debt in equity.
Lawful tender extinguishes debt at law.