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 (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. 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.]