The uncertainty for attempting to extrapolate the yearly radon concentration from a five to seven day sample is huge: about +/- 90% (at the 90% confidence level) 17. For this reason, a single CC reading (or indeed several) cannot be used to estimate the annual radon exposure in a house.
The Defeasance Clause. As part of a mortgage agreement, the defeasance clause provides the buyer the right to secure the title, or deed, for the property once the debt is paid in full. Prior to that time, the financial institution backing the loan has all rights to the title as it functions as collateral for the associated debt.
The concept of defeasance originated in the municipal bond market. In the 1990âs, the concept was adapted to the commercial real estate market in response to the increasing securitization of fixed-rate loans. To make these securitizations more attractive to investors, true prepayment of loans was restricted, enabling predictable cash flows.