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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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| Howard Levine, president/CEO of ARCS Commercial Mortgage, announced the creation of a strategic relationship between ARCS and Commercial Defeasance, LLC, America's leading facilitator of commercial real estate defeasances. Examples of transactions affected include securitizations, repurchase agreements, loan participations, sales of receivables with recourse, servicing of mortgages and other assets, pledges of collateral and defeasances. is the market leader in commercial loan defeasances. |
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