Share this site with del.icio.us Share this site with furl Share this site with stumbleupon Share this site with google Add this site to Yahoo Bookmarks Click here to add us to your favorites Subscribe to our Feed





defeasance

Definition

Stipulation in an agreement which provides for its cancellation under specified conditions. For example, a defeasance clause in a deed of trust automatically causes the trust property's title to revert from the trustee to the borrower when the debt is paid off.


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z