defeasance
noun
de·fea·sance
di-ˈfē-zən(t)s 
Synonyms
Examples of defeasance in a Sentence
the kind of gross misconduct that could result in the defeasance of the athlete's contract to endorse their products
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A couple of other candidates lurk in the wings, but SOFR is achieving the most traction, according to Rob Finlay, founder of Thirty Capital, LLC, a defeasance and derivative consulting firm.
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Joshua Stein, Forbes, 10 Nov. 2021
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Joshua Stein, Forbes, 10 Nov. 2021
Dictionary Entries Near defeasance
Cite this Entry
“Defeasance.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/defeasance. Accessed 28 Nov. 2024.
Copy CitationLegal Definition
defeasance
noun
de·fea·sance
di-ˈfē-zəns
1
a
: a condition (as in a deed or will) that upon fulfillment terminates a property interest
b
: an instrument setting forth such a condition
2
: a rendering null or void
Etymology
Anglo-French defesance, literally, undoing, destruction, from Old French deffesant, present participle of deffaire to destroy, undo see defeat
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