Defeasance definition
A rendering void; an annulment.
noun
The voiding of a contract or deed.
noun
A clause within a contract or deed providing for annulment.
noun
The annulment of a contract or deed.
noun
A clause stating a condition the fulfillment of which makes the deed, contract, etc. void in whole or in part.
noun
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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.
noun
Other Word Forms
Noun
Singular:
defeasance
Plural:
defeasancesOrigin of defeasance
- Middle English defesaunce from Anglo-Norman from Old French defesance from defesant present participle of desfaire to destroy defeat
From American Heritage Dictionary of the English Language, 5th Edition
- From Anglo-Norman defeasaunce
From Wiktionary