defeasible title

defeasible title definition - business

defeasible title

A title to real property that under certain conditions may be voided. For example, a title to a house may be conveyed to a child with the condition that if the child moves out of the house before age 40, the title will be conveyed to a different person.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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