defeasance

noun
de·fea·sance | \di-ˈfē-zən(t)s \

Definition of defeasance 

1a(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 in a Sentence

the kind of gross misconduct that could result in the defeasance of the athlete's contract to endorse their products

First Known Use of defeasance

15th century, in the meaning defined at sense 1a(1)

History and Etymology for defeasance

Middle English defesaunce, borrowed from Anglo-French defaisaunce, defesaunce "undoing, ruin, annulling of a document, condition in the document activating the annulment," from defesaunt, present participle of defaire, desfaire "to undo, put an end to, destroy, nullify" + -aunce -ance — more at defeat entry 1

Anglo-French defesance, literally, undoing, destruction, from Old French deffesant, present participle of deffaire to destroy, undo — see defeat

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Dictionary Entries near defeasance

default

defaunate

DEFCON

defeasance

defeasible

defeat

defeatism

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The first known use of defeasance was in the 15th century

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More Definitions for defeasance

defeasance

noun
de·fea·sance | \di-ˈfē-zəns \

Legal Definition of defeasance 

1a : a condition (as in a deed or will) that upon fulfillment terminates a property interest

b : an instrument setting forth such a condition

2 : a rendering null or void

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