DEFEASANCE

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  defeasance  clause.  4.Hist.  A

collateral deed made simultaneously with a conveyance and containing a condition by which the

main deed might be defeated or made void. — Also spelled defeazance. — defease,vb.

“A  defeazance  is  a  collateral  deed,  made  at  the  same  time  with  a  feoffment  or  other

conveyance, containing certain conditions, upon the performance of which the estate then created

may be defeated or totally undone.” 2 William Blackstone, Commentaries on the Laws of England

327 (1766). [Blacks Law 8th]