defeasance

noun de·fea·sance \ 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 in a Sentence

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

Origin and Etymology of 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 1defeat


Law Dictionary

defeasance

noun de·fea·sance \ di-ˈfē-zəns \

legal Definition of defeasance

1 a : 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

Origin and Etymology of defeasance

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



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