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defeasance

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noun de·fea·sance \di-ˈfē-zən(t)s\

Definition of defeasance

  1. 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

  2. 2 :  defeat, overthrow



Examples of defeasance

  1. <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



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