A rendering void; an annulment.
The voiding of a contract or deed.
A clause within a contract or deed providing for annulment.
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.
The ability of a debtor to offset a liability by purchasing government securities or a specialized risk management contract.
Voiding a contract or deed because a certain prohibited action has occurred.
The abrogation of an interest in real property.
Origin of defeasance
Middle English defesaunce from Anglo-Norman from Old French defesance from defesant present participle of desfaire to destroy defeat