Legal Dictionary

defeasance

Legal Definition of defeasance

Noun

  1. A side-contract which contains a condition which, if realized, could defeat the main contract. The common English usage of the word "defeasance" has also become acceptable in law, referring to a contract that is susceptible to being declared void as in "immoral contracts are susceptible to defeasance."

Definition of defeasance

Noun

defeasance

  1. (US),(law) the rendering void of a contract or deed; an annulment

Further reading

References:

  1. Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.



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