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Origin of defeasance
OTHER WORDS FROM defeasancenon·de·fea·sance, noun
Words nearby defeasance
Example sentences from the Web for defeasance
Defeasance in a bill of sale is the putting an end to the security by realizing the goods for the benefit of the mortgagee.
This condition is known as the defeasance because it defeats or undoes the bond.
It must be of a thing defeasible, and all the conditions must be strictly carried out before the defeasance can be consummated.
British Dictionary definitions for defeasance
noun mainly law
- a condition, the fulfilment of which renders a deed void
- the document containing such a condition