defeasance
de·fea·sance
noun \di-ˈfē-zən(t)s\Definition of DEFEASANCE
1
a (1) : the termination of a property interest in accordance with stipulated conditions (as in a deed) (2) : an instrument stating such conditions of limitation b : a rendering null or void
Examples of DEFEASANCE
- <the kind of gross misconduct that could result in the defeasance of the athlete's contract to endorse their products>
Origin of DEFEASANCE
Middle English defesance, from Anglo-French, from defesaunt, present participle of defaire
First Known Use: 15th century
Related to DEFEASANCE
- Synonyms
- abatement, abolishment, abrogation, annulment, avoidance, cancellation (also cancelation), abolition, dissolution, invalidation, negation, nullification, quashing, repeal, rescindment, voiding
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