defeasance

defeasance is defined in Webster's Unabridged Dictionary (1913) with 2 senses. The full text of each entry is reproduced verbatim below.

Definitions

1.A rendering null or void.
2.(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. Note: 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.

Source: Webster's Unabridged Dictionary, 1913 edition (public domain, via GCIDE / Project Gutenberg).

Definitions: Webster's Unabridged Dictionary, 1913 edition (public domain, via GCIDE / Project Gutenberg).
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