Definition of Defeasance. Meaning of Defeasance. Synonyms of Defeasance

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Definition of Defeasance

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Defeasanced
Defeasanced De*fea"sanced, a. (Law) Liable to defeasance; capable of being made void or forfeited.

Meaning of Defeasance from wikipedia

- Defeasance (or defeazance) (French: défaire, to undo), in law, is an instrument which defeats the force or operation of some other deed or estate; as distinguished...
- historically significant type of penal bond, the penal bond with conditional defeasance, printed the bond (the obligation to pay) on the front of the do****ent...
- they owe a personal debt to the state. A recognizance is subject to a "defeasance"; that is, the obligation will be avoided if person bound does some particular...
- of penal bond was the penal bond with conditional defeasance. A penal bond with conditional defeasance combined in one do****ent the bond (the promise to...
- foreclosure Deed in trust Deed of gift Deed of trust Deed restriction Default Defeasance clause Defeasible fee Defeasible estate Deficiencyphysical condition...
- there can be no prepayment of the loan) which they can be subject to defeasance, yield maintenance and prepayment penalties to protect bondholders. European...
- contingent; if the condition is subsequent, the interest is vested, subject to defeasance. Anno: 131 ALR 712. "contingent interest". Academic Dictionaries and Encyclopedias...
- charter) in fee or for years to the lender; (2) an indenture or bond (the defeasance) reciting the loan and providing that if it was repaid the land would...
- has not such a right in old-age benefit payments as would make every defeasance of "accrued" interests violative of the Due Process Clause of the Fifth...
- usually refers to Middle English law of contracts, where a condition of defeasance is a clause that can invalidate or annul a contract or deed. Though defeat...