defeasanced in a sentence
a.
Definition
Defeasanced refers to the annulment or voiding of a contract or legal obligation, typically due to specific conditions such as fraud or mutual agreement.
Sample Sentences
- The court ruled that the contract had been defeasanced due to fraudulent misrepresentation.
- After extensive negotiations, the parties agreed that the agreement would be defeasanced and rendered null.
- Once the conditions were met, the obligations of the bond were effectively defeasanced.
- The investor was relieved to learn that the original terms of the lease had been defeasanced in favor of a more favorable arrangement.
- In legal terms, the property rights were defeasanced, allowing the previous owner to reclaim their stake.
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