Defeasance

De*fea"sance

(?), n. [OF. defesance, fr. defesant, F. dfaisant, p. pr. of defaire, F. dfaire, 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]

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]

 

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Sat 15th December 2018