defeasance

Example Sentences

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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 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

The defeasance account manager collects this market value at settlement, and invests the proceeds in the appropriate U.S.

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

This condition is known as the defeasance because it defeats or undoes the bond.

From Encyclopaedia Britannica, 11th Edition, Volume 4, Slice 2 "Bohemia" to "Borgia, Francis" by Various