defeasance
pronunciation
How to pronounce defeasance in British English:
UK [dɪ'fi:zəns]
How to pronounce defeasance in American English:
US [dɪ'fizəns]
Word Origin
- defeasance (n.)
- early 15c., from Anglo-French defesaunce, Old French desfaisance "undoing, destruction," from desfaire (Modern French défaire) "to undo, destroy" (see defeat (v.)). Related: Defease; defeasible.
Example
- 1. Read on to learn more about how defeasance can provide straightforward solutions in complex lending scenarios .
- 2. Of the different prepayment options , defeasance is one that provides the greatest flexibility and potential financial gains when market interest rates rise .
- 3. The court held that congress had intended vested rights under the lease to be invulnerable to defeasance by subsequently issued regulations .