defeasance clause — A provision of a mortgage an interest in land given to a mortgagee lender to secure the payment of a debt which promises that the mortgagor borrower will regain title to the mortgaged property when all the terms of the mortgage have been met.… … Law dictionary
defeasance clause — That provision in a mortgage which assures the revesting of title in the mortgagor when all the terms and conditions of the mortgage have been met. A clause which permits the mortgagor borrower to defeat the temporary and conditional conveyance… … Black's law dictionary
defeasance clause — That provision in a mortgage which assures the revesting of title in the mortgagor when all the terms and conditions of the mortgage have been met. A clause which permits the mortgagor borrower to defeat the temporary and conditional conveyance… … Black's law dictionary
defeasance — de·fea·sance /di fē zəns/ n [Anglo French defesance, literally, undoing, destruction, from Old French deffesant, present participle of deffaire to destroy, undo see defeat] 1 a: a condition (as in a deed or will) that upon fulfillment terminates… … Law dictionary
defeasance — /dafiyzans/ An instrument which defeats the force or operation of some other deed, estate, or will. A collateral deed made at the same time with a feoffment or other conveyance, containing certain conditions, upon the performance of which the… … Black's law dictionary
defeasance — /dafiyzans/ An instrument which defeats the force or operation of some other deed, estate, or will. A collateral deed made at the same time with a feoffment or other conveyance, containing certain conditions, upon the performance of which the… … Black's law dictionary
defeasance — [dē fē′zəns, difē′z ns] n. [ME & Anglo Fr defesaunce < OFr defesance < defesant, prp. of defaire, desfaire: see DEFEAT] 1. the annulment of a contract or deed 2. a clause stating a condition the fulfillment of which makes the deed, contract … English World dictionary
defeasance — The clause of a mortgage intended to define the terms and conditions upon which the mortgage shall be satisfied, cease to be security for a debt, and become void. First Nat. Bank v Bain, 237 Ala 580, 188 So 64. More generally defined as a clause… … Ballentine's law dictionary
defeasance — /dɪ fi:z(ə)ns/ noun a clause (in a collateral deed) which says that a contract or bond or recognisance will be revoked if something happens or if some act is performed … Dictionary of banking and finance
Оговорка об аннулировании — (defeasance clause) – статья в закладной, согласно которой заемщику залогодателю возвращается чистый титул после того, как выполнены все условия займа, включая погашение … Словарь терминов по экспертизе и управлению недвижимостью
