defeasance
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
The defeasance manager provides the seller or settlement agent with a fair-market valuation of the remaining payments on a home’s outstanding mortgage, determined using the current market prices of a portfolio of Treasury securities.
From The Wall Street Journal ● Dec. 26, 2025
The defeasance agent’s guarantee to remit the remaining mortgage payments to the mortgage servicer on time and in full substitutes for the home seller’s liability.
From The Wall Street Journal ● Dec. 26, 2025
The defeasance transaction involves no “uncompensated taking” and doesn’t generate a financial loss for a mortgage lender.
From The Wall Street Journal ● Dec. 26, 2025
The federal government appoints a financial agent—the Treasury or the Department of Housing and Urban Development—to manage mortgage defeasance accounts.
From The Wall Street Journal ● Dec. 26, 2025
A defeasance should recite the deed to be defeated and its date, and it must be made between the same parties as are interested in the deed to which it is collateral.
From Encyclopaedia Britannica, 11th Edition, Volume 7, Slice 10 "David, St" to "Demidov" by Various
