 |
From The Collaborative International Dictionary of English v.0.44 [gcide]:
Defeasance \De*fea"sance\, noun [OF. defesance, fr. defesant, F. d['e]faisant, p. pr. of defaire, F. d['e]faire, to undo. See {Defeat}.]
1. A defeat; an overthrow. [Obs.]
After his foes' defeasance. --Spenser.
2. A rendering null or void.
3. (Law) A condition, relating to a deed, which being performed, the deed is defeated or rendered void; or a collateral deed, made at the same time with a feoffment, or other conveyance, containing conditions, on the performance of which the estate then created may be defeated.
Note: Mortgages were usually made in this manner in former times, but the modern practice is to include the conveyance and the defeasance in the same deed.
 |
Definitions retrieved from local copies of the freely distributed DICT client/server software and databases. Click here for database copyright information. - KM |