defeasance
noun
- the annulment of a contract or deed
- a clause stating a condition the fulfillment of which makes the deed, contract, etc. void in whole or in part
See defeasance in American Heritage Dictionary 4
(dĭ-fēˈzəns)
noun- A rendering void; an annulment.
a. The voiding of a contract or deed.
b. A clause within a contract or deed providing for annulment.
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