defeasance

defeasance
de·fea·sance /di-'fē-zəns/ n [Anglo-French defesance, literally, undoing, destruction, from Old French deffesant, present participle of deffaire to destroy, undo see defeat]
1 a: a condition (as in a deed or will) that upon fulfillment terminates a property interest
b: an instrument setting forth such a condition
2: a rendering null or void

Merriam-Webster’s Dictionary of Law. . 1996.

defeasance
I noun abolishment, abolition, abrogation, annulment, breakup, canceling, cancellation, cassation, cessation, close, conclusion, deprivation, disallowance, discharge, discontinuance, disendowment, disestablishment, dissolution, end, end of the matter, ending, expiration, finish, invalidation, limit, negation, nullification, ousting, recall, removal, repeal, replacement, rescindment, rescission, retractation, retraction, reversal, reversion, revocation, revokement, stoppage, supersession, suppression, undoing, vacation, voidance, windup, withdrawal associated concepts: condition, defeasance clause, defeasance of contract, defeasance of title, defeasible estate II index abolition, countermand, discharge (annulment), discharge (release from obligation), discontinuance (act of discontinuing), dissolution (termination), repudiation, rescision, revocation

Burton's Legal Thesaurus. . 2006


defeasance
n.
The action of rendering something null and void; an instrument that negates or nullifies some other instrument, such as a will or deed.

The Essential Law Dictionary. — Sphinx Publishing, An imprint of Sourcebooks, Inc. . 2008.


defeasance
See vesting.

Collins dictionary of law. . 2001.


defeasance
The act of rendering something null and void, or a clause in a deed, lease, will, or other legal document that completely or partially negates the document if a certain condition occurs or fails to occur. For example, a will may provide that a gift of property is defeasable — that is, void — if the beneficiary fails to marry before a certain time.
Category: Wills, Trusts & Estates → Wills

Nolo’s Plain-English Law Dictionary. . 2009.


defeasance
n. The abrogation of an interest in real property.

Webster's New World Law Dictionary. . 2000.

defeasance
n.
   an antiquated word for a document which terminates the effect of an existing writing such as a deed, bond or contract if some event occurs.

Law dictionary. . 2013.

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Look at other dictionaries:

  • Defeasance — De*fea sance, n. [OF. defesance, fr. defesant, F. d[ e]faisant, p. pr. of defaire, F. d[ e]faire, to undo. See {Defeat}.] 1. A defeat; an overthrow. [Obs.] [1913 Webster] After his foes defeasance. Spenser. [1913 Webster] 2. A rendering null or… …   The Collaborative International Dictionary of English

  • defeasance — early 15c., from Anglo Fr. defesaunce, O.Fr. desfaisance undoing, destruction, from desfaire (Mod.Fr. défaire) to undo, destroy (see DEFEAT (Cf. defeat)). Related: Defease; defeasible …   Etymology dictionary

  • defeasance — [dē fē′zəns, difē′z ns] n. [ME & Anglo Fr defesaunce < OFr defesance < defesant, prp. of defaire, desfaire: see DEFEAT] 1. the annulment of a contract or deed 2. a clause stating a condition the fulfillment of which makes the deed, contract …   English World dictionary

  • Defeasance — Contents 1 Defeasance of Commercial Mortgage Loans 1.1 Defeasance of a Securitized Commercial Mortgage Loan 1.2 Defeasance Terms to Consider at Loan Origination …   Wikipedia

  • Defeasance — Défaisance La défaisance (en anglais defeasance) est une opération financière consistant à céder simultanément des actifs financiers et des dettes à une société tierce, souvent une structure de défaisance. Cette cession est irrévocable. Cette… …   Wikipédia en Français

  • defeasance — The legal release of a debtor from being the primary obligor under the debt, either by the courts or by the creditor. Also called legal defeasance. See in substance defeasance The setting aside by a borrower of cash or bonds sufficient to service …   Financial and business terms

  • defeasance — noun a) Destruction, defeat, overthrow. that hoarie king, with all his traine, / Being arriued, where that champion stout / After his foes defeasance did remaine [...]. b) the rendering void of a contract or deed; an …   Wiktionary

  • defeasance — /dafiyzans/ An instrument which defeats the force or operation of some other deed, estate, or will. A collateral deed made at the same time with a feoffment or other conveyance, containing certain conditions, upon the performance of which the… …   Black's law dictionary

  • defeasance — /dafiyzans/ An instrument which defeats the force or operation of some other deed, estate, or will. A collateral deed made at the same time with a feoffment or other conveyance, containing certain conditions, upon the performance of which the… …   Black's law dictionary

  • defeasance clause — A provision of a mortgage an interest in land given to a mortgagee lender to secure the payment of a debt which promises that the mortgagor borrower will regain title to the mortgaged property when all the terms of the mortgage have been met.… …   Law dictionary

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