"In-Substance Defeasance" Is a Term Used to Refer to an Arrangement

Multiple Choice

"In-substance defeasance" is a term used to refer to an arrangement whereby

A) a company gets another company to cover its payments due on long-term debt.
B) a governmental unit issues debt instruments to corporations.
C) a company provides for the future repayment of a long-term debt by placing purchased securities in an irrevocable trust.
D) a company legally extinguishes debt before its due date.