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Meaning of Defeasnce


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De*fea"sance (?), n. [OF. defesance, fr. defesant, F. défaisant, p. pr. of defaire, F. défaire, to undo. See Defeat.] 1. A defeat; an overthrow. [Obs.]

After his foes' defeasance.
Spenser.

2. A rendering null or void.

3. (Law) A condition, relating to a deed, which being performed, the deed is defeated or rendered void; or a collateral deed, made at the same time with a feoffment, or other conveyance, containing conditions, on the performance of which the estate then created may be defeated.

&fist; Mortgages were usually made in this manner in former times, but the modern practice is to include the conveyance and the defeasance in the same deed.

- Webster's Unabridged Dictionary (1913)



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