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defeasible |
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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 adjective confutable, dismissible, dissoluble, functus officio, refutable, revocable, subject to being abrogated, subject to being annulled, subject to being cancelled, subject to being divested, subject to being invalidated, subject to being repealed, subject to being retracted, subject to being revoked, subject to being taken away, subject to being withdrawn, terminable, voidable Associated concepts: defeasible deed, defeasible estate, deeeasible fee, defeasible interest, defeasible remainder, deeeasible title, determinable fee DEFEASIBLE. What may be undone or annulled. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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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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