'Defeasance' definitions:
Definition of 'Defeasance'
From: GCIDE
- 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]