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Defeasible

   Also found in: Dictionary/thesaurus, Wikipedia 0.10 sec.

Potentially subject to defeat, termination, or Annulment upon the occurrence of a future action or event, or the performance of a condition subsequent.

The most common legal application of the term is with respect to estates as interest in land, such as in the case of a conveyance or a life estate, which is defeasible upon the happening of a certain specified event, for example, the death of the person holding such an interest.


DEFEASIBLE. What may be undone or annulled.


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Critique: Consistent with its prior pronouncements, the IRS disallowed the marital deduction, arguing that the surviving spouse's "qualified income interest" was defeasible during her lifetime through the actions of a third party--i.
 
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