defeasance
defeasance n. (1)撤销条件；废约条件；解除条件 使合同无效的条件。 (→defeasance clause) (2)毁约证书；解除合同 使证券、契据、保证书、判决书或遗嘱等失效的契约或文件。
Search Results for: DEFEASANCE
defeasance clause
defeasance clause (抵押物)权利回复条款 确保在抵押条件满足后，抵押人〔mortgagor〕恢复其原有权利的条款。该条款允许抵押人即债务人，通过清偿债务来撤销他人对被抵押的不动产所享有的一切权益，从而使对该抵押物的暂时的、附条件的转让无效。
defeasance clause
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.]
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
common defeasance bond
common defeasance bond 普通废约条件保证书 即惩罚性保证书〔penal bond〕。指此类保证书以某一规定事由为废约条件〔condition of defeasance〕，若该事由(例如债务人向被保证人履行义务)发生，保证人免于承担付款责任。
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secondary conveyances
secondary conveyances (地产权的)从属性转让 以先前发生的地产权转让——即原始转让〔primary or original conveyance〕——为前提条件，旨在确认、变更、保持、恢复、增扩或再转让先前所转让的权利的地产权转让方式，包括对可撤销地产权的确认〔confirmation〕、向已经占有土地者的产权让与〔release〕、低位地产权向高位地产权的回缴〔surrender〕、地产权利的再转让〔assignment〕以及转让地产权的解约条件书〔defeasance〕。亦称派生转让〔derivative conveyance〕。
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defeasible
defeasible a. 可作废的；可取消的；可解除的；可宣告无效的 指行为、权利、合同等可以被撤销或归于无效。如抵押财产因为抵押人在衡平法上享有的回赎权〔redemption〕而成为「可作废的」。 (→defeasance)
shifting executory interest
An executory interest that operates in defeasance of an interest created simultaneously in a third person.
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executory interest
executory interest. A future interest, held by a third person, that either cuts off another’s interest or begins after the natural termination of a preceding estate. Cf. REMAINDER. [Cases: Estates in Property 1. C.J.S. Estates §§ 2–5, 8, 15–21, 116–128, 137, 243.] “What is an executory interest? Here is a pretty good definition: An executory
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penal bond
A bond requiring the obligor to pay a specified sum as a penalty if the underlying obligation is not performed. — Also termed penal bill; common-defeasance bond. [Cases: Bonds 1, 50. C.J.S. Bonds §§ 2–4, 7, 32, 34, 39.]