Origin of defeasance
OTHER WORDS FROM defeasancenon·de·fea·sance, noun
Words nearby defeasance
How to use defeasance in a sentence
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.
This condition is known as the defeasance because it defeats or undoes the bond.
British Dictionary definitions for defeasance
- a condition, the fulfilment of which renders a deed void
- the document containing such a condition