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Maintenance and replacement fund
Designed to provide security to the bond holder by ensuring that the mortgaged property would be maintained in good operating condition and that the old plants would be replaced.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
- Product:
- Acronym-Abbreviation:
Other Languages:
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