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.