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defeasance |
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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. defeasance noun abolishment, abolition, annulment, breakup, canceling, cancellation, 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, rescindment, rescission, retractation, retraction, reversion, revocation, revokement, stoppage, suppression, undoing, vacation, voidance, windup, withdrawal Associated concepts: condition, defeasance clause, defeaaance of contract, defeasance of title, defeasible estate See also: abolition, annulment, countermand, discharge, discontinuance, dissolution, repudiation, rescision, revocation, termination DEFEASANCE, contracts, conveyancing. An instrument which defeats the force
or operation of some other deed or estate. That, which in the same deed is
called a condition, in another deed is a defeasance.
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