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defeasance

División en sílabas: de·fea·sance
Pronunciación: /dəˈfēzəns
 
/

Definición de defeasance en inglés:

sustantivo

Law
1The action or process of rendering something null and void.
Oraciones de ejemplo
  • It does look as if it is to aid the taxpayer though, does it not, because it is then subject to defeasance, if you like, under itself.
  • It is a condition subsequent, which provides for defeasance in the event that there are further assets are discovered, whether or not the couple knew about them.
  • As conduit loans have become increasingly popular financing vehicles in the commercial mortgage market, defeasances of these loans have become relatively common transactions, as well.
1.1A clause or condition which, if fulfilled, renders a deed or contract null and void.

Origen

late Middle English (as a legal term): from Old French defesance, from defaire, desfaire 'undo' (see defeat).

Definición de defeasance en:

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