Defeasance definition

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.