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defeasance
[ dih-fee-zuhns ]
noun
- a rendering null and void.
- a condition on the performance of which a deed or other instrument is defeated or rendered void.
- a collateral deed or other writing embodying such a condition.
defeasance
/ dɪˈfiːzəns /
noun
- the act or process of rendering null and void; annulment
- a condition, the fulfilment of which renders a deed void
- the document containing such a condition
Other Words From
- nonde·feasance noun
Word History and Origins
Origin of defeasance1
Word History and Origins
Origin of defeasance1
Example Sentences
It must be of a thing defeasible, and all the conditions must be strictly carried out before the defeasance can be consummated.
Defeasance in a bill of sale is the putting an end to the security by realizing the goods for the benefit of the mortgagee.
A defeasance should recite the deed to be defeated and its date, and it must be made between the same parties as are interested in the deed to which it is collateral.
It is not strictly a defeasance, because the stipulation is in the same deed; it is really a condition in the nature of a defeasance.
Defeasance, de-fēz′ans, n. undoing: defeat.—adjs.
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