defeasance
[dih-fee-zuh ns]
- 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.
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Origin of defeasance
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for defeasance
Historical Examples
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.
Defeasance in a bill of sale is the putting an end to the security by realizing the goods for the benefit of the mortgagee.
defeasance
- 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
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Word Origin
C14: from Old French, from desfaire to defeat
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Word Origin and History for defeasance
n.
early 15c., from Anglo-French defesaunce, Old French desfaisance "undoing, destruction," from desfaire (Modern French défaire) "to undo, destroy" (see defeat (v.)). Related: Defease; defeasible.
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Online Etymology Dictionary, © 2010 Douglas Harper