"Defeasance" Pronounce,Meaning And Examples
"Defeasance" Natural Recordings by Native Speakers
"Defeasance" Meaning
Defeasance is a legal term that refers to the process of extinguishing or discharging a mortgage or a lien on a property. It typically occurs when the borrower has paid off the mortgage debt in full and wishes to remove the lien from the property title.
"Defeasance" Examples
5 Examples of Defeasance
The bank was able to defeat the debt by effecting a defeasance, where the original loan was satisfied by a substitute security.
The investor's defeasance of the mortgage note allowed him to walk away from the property without any further liability.
The company's defeasance of the loan agreement released them from their obligations and allowed them to refinance with a new lender.
By defeasance, the deed to the property was transferred back to the original owner, eliminating any future claims.
In the case of Alexei v. Republic of Russia, the court ruled against defeasance, stating that the debtor still had an obligation to pay the remaining amount.
"Defeasance" Similar Words
Defatigate
I apologize, but "defatigate" is not a valid word in the English language. It appears to be a made-up or non-existent term. If you meant to provide a different word, please feel free to try again, and I'll be happy to help explain its meaning!
Default
The word "default" refers to a standard or typical setting, option, or value that is used when no other choice or setting is specified. It can also mean to fail to meet an obligation or duty, often because of a lack of funds or resources. For example, "The company will default on their loan if they don't receive the investment they're seeking." Additionally, default can refer to a default setting or value that is used as a fallback option when a specific setting or value is not provided.
Defaulted
The word "defaulted" is the past tense of the verb "default". To default means to fail to perform a duty or obligation, especially to pay a debt or bill.
Defaulter
A person who fails to pay a debt or fulfill an obligation, especially regularly or habitually; a person who is late or defaulting on payments, such as loan or credit card payments.
Defaulters
Defaulters refers to individuals or organizations that fail to meet their financial obligations, such as debts, taxes, or loans.
Defaulting
The verb "defaulting" means to fail to pay a loan or debt, especially by not making payments as agreed. It can also mean to abandon or renounce a responsibility, obligation, or duty. In general, it refers to the act of failing to meet a financial or social obligation by neglecting or ignoring one's duties.
Defaults
Defaults refer to the standard or preset settings or values that are applied automatically unless changed or specified otherwise. In other words, defaults are the default or usual options or parameters that are used as a starting point, and may be modified or overridden as needed.
Defeasanced
I'm afraid "defeasanced" is not a commonly used word in the English language. In fact, it doesn't seem to exist in most dictionaries. However, I'm going to take a guess and break it down to try to find a possible meaning.<br><br>"De-" is a prefix that can indicate removal or negation, "feas-" might be related to the word "feasible", and "-anced" is a suffix that forms a past participle.<br><br>If I had to hazard a guess, I would say that "defeasanced" might mean "made impossible or infeasible" or "made something no longer feasible". However, please note that this is purely speculative and without any concrete evidence to back it up.<br><br>If you could provide more context or information about where you encountered this word, I might be able to help you better.
Defeasibility
Defeasibility refers to the quality or state of being defeasible, which means capable of being defeated, overturned, or refuted by additional information, evidence, or arguments. In other words, a claim or assertion is defeasible if it can be shown to be false or invalid under certain conditions or circumstances.
Defeated
The word "defeated" means having been defeated or overcome by someone or something, often in a situation where one would expect to win or be victorious. It can also refer to being disheartened or demoralized, often as a result of a setback or failure.
Defeating
Defeating refers to the act of overcoming or beating someone or something in a competition, contest, or struggle. It can also mean to win a battle, war, or test, and emerge victorious.
Defeatism
Defeatism is a philosophy, attitude, or policy that accepts defeat or failure as inevitable, often involving a lack of effort, resistance, or opposition to an opponent, enemy, or difficult situation. It is characterized by a pessimistic view that something is doomed to fail or cannot be won. Defeatism can manifest in various aspects of life, such as politics, sports, war, or personal struggles. It is often considered a negative and unproductive attitude that can lead to demotivation, disengagement, and resignation. In extreme cases, defeatism can be categorized as a form of mental or emotional disorder.
Defeatist
A defeatist is someone who is resigned to failure or defeat, often to the point of being unwilling to try or take risks. A defeatist attitude can be characterized by a lack of motivation, a pessimistic outlook, and a belief that effort will be futile.