defease

American  

[dih-feez] / dɪˈfiz /

verb (used with object)

defeased, defeasing

1. to defeat or annul (a contract, deed, etc.).

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Etymology

Origin of defease

First recorded in 1470–80; back formation from defeasance

Example Sentences

Around Puget Sound, the initiative would repeal the car-tab tax used by Sound Transit to build light rail, commuter bus and Sounder rail projects if the agency could successfully retire, defease or refinance bonds it’s sold against the tax.

From Seattle Times

And the current initiative directs Sound Transit to “retire, defease, or refinance any outstanding bonds” backed by car-tab revenue.

From Seattle Times

This year’s initiative would require Sound Transit to, if possible, “retire, defease or refinance” any bonds that are backed by car-tab tax revenue.

From Seattle Times

If Sound Transit were to immediately defease — basically repay — its old bonds, it said that would be a direct $2 billion blow to its revenue.

From Seattle Times

DiamondRock will also pay $3.5 million to fund the cost to defease Hilton Minneapolis' existing mortgage debt.

From Reuters