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DEFEASIBLE DEED
defeasible deed.See DEED. [Blacks Law 8th]
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defeasible,adj. (Of an act, right, agreement, or position) capable of being annulled or avoided <defeasible deed>. See fee simple defeasible under FEE SIMPLE . — defeasibility,n. [Blacks Law 8th]
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defeasance clause.A mortgage provision stating that the conveyance to the mortgagee will be ineffective if the mortgagor pays the debt on time. See DEFEASANCE(3). [Cases: Mortgages 33. C.J.S. Mortgages §§ 22, 27, 30–34.] [Blacks Law 8th]
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defeasance (di-feez-<<schwa>>nts), n.1. An annulment or abrogation; VOIDANCE. 2. The fact or an instance of bringing an estate or status to an end, esp. by conditional limitation. 3. A condition upon the fulfillment of which a deed or other instrument is defeated or made void; a contractual provision containing such a condition. — Also termed …
Read MoreDEFAULT RULE
default rule.See RULE(1). [Blacks Law 8th]
Read MoreDEFAULT OF ISSUE
default of issue.See FAILURE OF ISSUE. [Blacks Law 8th]
Read MoreDEFAULT JURISDICTION
default jurisdiction.See JURISDICTION. [Blacks Law 8th]
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default judgment. 1. A judgment entered against a defendant who has failed to plead or otherwise defend against the plaintiff’s claim. [Cases: Federal Civil Procedure 2411; Judgment 92. C.J.S. Judgments §§ 195–196, 208, 235.] 2. A judgment entered as a penalty against a party who does not comply with an order, esp. an order to…
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defaulter. 1. A person who is in default. 2. A person who misappropriates or fails to account for money held in the person’s official or fiduciary capacity. — Also termed defaultant. [Blacks Law 8th]
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defaultant (di-fawl-t<<schwa>>nt), adj. In default; having defaulted. See DEFAULTER. [Blacks Law 8th]
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