释义 |
`1`defeasance `2` "Nolo Everybody's Legal Dictionary":
A clause in a deed, lease, will or other legal document that completely or partially negates the document if a certain condition occurs or fails to occur. Defeasance also means the act of rendering something null and void. For example, a will may provide that a gift of property is defeasable -- that is, it will be void -- if the beneficiary fails to marry before the willmaker's death.
See Topic: Real Estate Wills & Estate Planning |