The transformation of base metal into gold, such as the creditor’s receipt of U.S. Treasury securities in exchange for real estate collateral in a defeasance transaction.
See Defeasance.
But see Reverse Alchemy.
The transformation of base metal into gold, such as the creditor’s receipt of U.S. Treasury securities in exchange for real estate collateral in a defeasance transaction.
See Defeasance.
But see Reverse Alchemy.