defeasance in a sentence
n.
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Definition
Defeasance is the legal annulment of a contract or obligation, typically achieved by fulfilling specific conditions.
Crossword clues for defeasance
Crossword clue ideas and answer hints for the word "defeasance".
- Legal annulment of a contract.
- Cancellation of a binding obligation.
- Ending an agreement through specific conditions.
- Terminating a legal obligation effectively.
- Nullifying a contract by fulfilling requirements.
Defeasance sentence examples
- The concept of defeasance is crucial in understanding how certain obligations can be nullified under specific circumstances.
- In legal terms, defeasance refers to the annulment of a contract or obligation, often through the fulfillment of certain conditions.
- The defeasance clause in the real estate agreement allowed the buyer to cancel the purchase if the financing fell through.
- Investors must be aware of defeasance provisions in their bonds, as they can significantly affect the investment's security.
- After carefully reviewing the terms, the lawyer explained how the defeasance would impact the client's financial responsibilities.