defeasance

[dih-fee-zuhns]
noun Law.
1.
a rendering null and void.
2.
a condition on the performance of which a deed or other instrument is defeated or rendered void.
3.
a collateral deed or other writing embodying such a condition.

Origin:
1400–50; late Middle English defesance < Anglo-French defesaunce, Old French defesance, equivalent to desfes- (past participle stem of desfaire to undo; see defeat) + -ance -ance

nondefeasance, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To defeasance
Collins
World English Dictionary
defeasance (dɪˈfiːzəns)
 
n
1.  the act or process of rendering null and void; annulment
2.  a.  a condition, the fulfilment of which renders a deed void
 b.  the document containing such a condition
 
[C14: from Old French, from desfaire to defeat]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
Cite This Source
Etymonline
Word Origin & History

defeasance
early 15c., from Anglo-Fr. defesaunce, O.Fr. defesance "undoing, destruction," from O.Fr. defesant, prp. of desfaire (Mod.Fr. défaire) "to undo, destroy," from des- (see dis-) + faire "to do" (from L. facere; see factitious). Related: Defease (late 15c.); defeasible (1580s).
Online Etymology Dictionary, © 2010 Douglas Harper
Cite This Source
Example sentences
The final regulations apply only to guaranteed investment contracts and yield restricted defeasance escrows.
Defeasance of debt can be either legal or in-substance.
Related Words
Synonyms
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature
FAVORITES
RECENT

;