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1 definition found 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. | |||
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