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废除

名词

full

defeasance

noun

Definitions of defeasance

a contract term that, if fulfilled, makes something invalid. This is also known as a defeasance clause</>.

Defeasance. When the Note has been paid in full, this Stock Pledge Agreement shall terminate.

the act or process of making something invalid, such as a contract or an interest in property

After the Defeasance Lockout Period, each Loan may be defeased in part and any one or more of the underlying Properties may be released.