defeasance Sentence Examples
- The contract included a defeasance clause allowing for termination under specific circumstances.
- Legal counsel advised including a defeasance provision in the agreement to protect against potential breaches.
- The property title was subject to defeasance upon full repayment of the mortgage.
- The defeasance of the bond was contingent upon meeting certain financial conditions.
- The lender required a defeasance bond to secure the loan repayment in case of default.
- The legal team reviewed the defeasance agreement to ensure compliance with regulatory standards.
- The company's financial restructuring involved executing a defeasance strategy to mitigate risk.
- Upon fulfilling all obligations, the party was entitled to a defeasance of their contractual liabilities.
- The defeasance process involved transferring assets to a trust to satisfy debt obligations.
- Before finalizing the transaction, both parties negotiated the terms of the defeasance agreement.
defeasance Meaning
defeasance (n.)
A defeat; an overthrow.
A rendering null or void.
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.
Synonyms & Antonyms of defeasance
FAQs About the word defeasance
A defeat; an overthrow., A rendering null or void., A condition, relating to a deed, which being performed, the deed is defeated or rendered void; or a collater
repeal, cancelation, dissolution,abolition, nullification, abatement, suspension,cancellation, dismissal, elimination
establishment, enactment, legislation, institution, establishment, institution,legislation, enactment, ratification, legalization
The contract included a defeasance clause allowing for termination under specific circumstances.
Legal counsel advised including a defeasance provision in the agreement to protect against potential breaches.
The property title was subject to defeasance upon full repayment of the mortgage.
The defeasance of the bond was contingent upon meeting certain financial conditions.
