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2 definitions found

From: DICT.TW English-Chinese Dictionary 英漢字典

 de·fea·sance /dɪˈfizən(t)s/
 使無效,廢止,契約解除條件

From: Webster's Revised Unabridged Dictionary (1913)

 De·fea·sance n.
 1. A defeat; an overthrow. [Obs.]
    After his foes' defeasance.   --Spenser.
 2. A rendering null or void.
 3. 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.