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defeasance

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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.
  • stakeholder

  • immediate famil...

  • bond

  • procurement

  • payment terms

  • without prejudi...

  • private limited...

  • contract

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Mentioned in These Terms

  • legal defeasance

  • in-substance debt defeasance


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