defeasance

de·fea·sance

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

Origin of defeasance

Middle English and Anglo-French defesaunce from Old French defesance from defesant, present participle of defaire, desfaire: see defeat

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"defeasance." YourDictionary, n.d. Web. 13 February 2019. <https://www.yourdictionary.com/Defeasance>.

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defeasance. (n.d.). Retrieved February 13th, 2019, from https://www.yourdictionary.com/Defeasance

defeasance

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.

Origin of defeasance

Middle English defesaunce from Anglo-Norman from Old French defesance from defesant present participle of desfaire to destroy ; see defeat .

THE AMERICAN HERITAGE® DICTIONARY OF THE ENGLISH LANGUAGE, FIFTH EDITION by the Editors of the American Heritage Dictionaries. Copyright © 2016, 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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MLA Style

"defeasance." YourDictionary, n.d. Web. 13 February 2019. <https://www.yourdictionary.com/Defeasance>.

APA Style

defeasance. (n.d.). Retrieved February 13th, 2019, from https://www.yourdictionary.com/Defeasance

Noun

(plural defeasances)

(now rare) Destruction, defeat, overthrow.
(US, law) The rendering void of a contract or deed; an annulment.

Origin

From Anglo-Norman defeasaunce

English Wiktionary. Available under CC-BY-SA license.

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Link to this page

Cite this page

MLA Style

"defeasance." YourDictionary, n.d. Web. 13 February 2019. <https://www.yourdictionary.com/Defeasance>.

APA Style

defeasance. (n.d.). Retrieved February 13th, 2019, from https://www.yourdictionary.com/Defeasance

defeasance - Investment & Finance Definition

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.

Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.