Definitions of "defeasance"
  1. The termination of a property interest when a certain condition, as specified in a deed or will, is fulfilled
  2. A document or legal instrument that establishes a specific condition, upon which a property interest will be terminated
  3. The act of rendering something null or invalid
How to use "defeasance" in a sentence
  1. The defeasance clause in the contract stipulated that the property interest would dissolve after ten years.
  2. As outlined in the defeasance, upon the owner's passing, the property would revert back to the bank.
  3. The judge enacted a defeasance to make the previous decision null and void.

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