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defeasance    音标拼音: [dɪf'izəns]
n. 使无效,废止,契约解除条件

使无效,废止,契约解除条件

Defeasance \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.]
[1913 Webster]

After his foes' defeasance. --Spenser.
[1913 Webster]

2. A rendering null or void.
[1913 Webster]

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.
[1913 Webster]

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.
[1913 Webster]

DEFEASANCE, contracts, conveyancing. An instrument which defeats the force
or operation of some other deed or estate. That, which in the same deed is
called a condition, in another deed is a defeasance.
2. Every defeasance must contain proper words, as that the thing shall
be void. 2 Salk. 575 Willes, 108; and vide Carth. 64. A defeasance must be
made in eodem modo, and by, matter as high as the thing to be defeated; so
that if one be by deed) the other must also be by deed. Touchs. 397.
3. It is a general rule, that the defeasance shall be a part, of the
same transaction with the conveyance; though the defeasance may be dated
after the deed. 12 Mass. R. 13 Pie P. 413 1 N. 11. Rep. 41; but see 4 Yerg.
57, contra. Vide Bouv. Inst. Index, h.t.; Vin. Ab. h.t.; Com. Dig. h.t.;
Id. Pleader, 2 W 35, 2 W 37; Lilly's Reg. h.t.; Nels. Ab. h.t.; 2 Saund.
47 n, note 1; Cruise, Dig. tit. 32, c. 7,, s. 25; 18 John. R. 45; 9 Wend. R.
538; 2 Mass. R. 493.


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  • Defeasance Explained: Impact on Balance Sheets With Examples
    Defeasance is a contract provision that allows a borrower to void a bond or loan by setting aside sufficient funds to cover the debt The process of defeasance involves offsetting outstanding
  • Defeasance - Wikipedia
    Defeasance (or defeazance) (French: défaire, to undo), in law, is 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 [1]
  • What is Defeasance and How Does it Work? - Multifamily Loans
    What is Defeasance and How Does it Work? Defeasance refers to the replacement of the collateral of a loan with securities (generally fixed-rate government bonds) that will offer a lender an equivalent return
  • Defeasance - Definition, Explained, Example, Vs Yield Maintenance
    Guide to Defeasance and its definition We explain it with an example and compare it with yield maintenance and prepayment
  • DEFEASANCE Definition Meaning - Merriam-Webster
    The meaning of DEFEASANCE is the termination of a property interest in accordance with stipulated conditions (as in a deed)
  • Defeasance - Overview, How It Works, Advantages | Wall Street . . .
    What Is Defeasance? Defeasance is a financial term that refers to the process of setting aside assets or cash reserves to discharge financial obligations It commonly involves prepayment or retirement of financial obligations, often observed in fixed-income assets like bonds or mortgages
  • Defeasance Clause: How it Works | JPMorgan Chase
    What is defeasance? A defeasance clause is a provision in a commercial real estate loan agreement that lets a borrower replace the asset securing the loan with substitute collateral—typically a portfolio of U S government bonds—that provides similar cash flows over the loan’s remaining term





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