DEFEASANCE - definizione. Che cos'è DEFEASANCE
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Cosa (chi) è DEFEASANCE - definizione


Defeasance         
·noun A rendering null or void.
II. Defeasance ·noun A defeat; an Overthrow.
III. Defeasance ·noun 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.
defeasance         
n. an antiquated word for a document which terminates the effect of an existing writing such as a deed, bond or contract if some event occurs.
defeasance         
[d?'fi:z(?)ns]
¦ noun Law the action or process of rendering something null and void.
Origin
ME: from OFr., from defaire, desfaire (see defeat).

Wikipedia

Defeasance
Defeasance (or defeazance) (, to undo), in law, an instrument which defeats the force or operation of some other deed or estate; as distinguished from condition, that which in the same deed is called a condition is a defeasance in another deed. The term is used in several contexts in finance, including:defeasance AllBusiness.