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defeasance Definition

de·fea·sance (dē fēzəns, di-)

noun

  1. the annulment of a contract or deed
  2. a clause stating a condition the fulfillment of which makes the deed, contract, etc. void in whole or in part

Etymology: ME & Anglo-Fr defesaunce < OFr defesance < defesant, prp. of defaire, desfaire: see defeat

defeasance Finance Definition
  1. The ability of a debtor to offset a liability by purchasing government securities or a specialized risk management contract.
  2. Voiding a contract or deed because a certain prohibited action has occurred.
defeasance Law Definition

n

The abrogation of an interest in real property.

Browse dictionary entries near defeasance

  1. DefCon
  2. Defaults
  3. defaulter
  4. default risk
  5. default judgment
  6. default
  7. defatting
  8. defatted
  9. defat
  10. defanged
  1. defeasible
  2. defeat
  3. defeated
  4. defeatism
  5. defeatist
  6. defeature
  7. defecate
  8. defecated
  9. defecating
  10. defecation