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Meaning of DEFEASANCE

 
Webster's 1913 Dictionary
 
 Definition: 
\De*fea"sance\, n. [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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