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 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
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
It must be of a thing defeasible, and all the conditions must be strictly carried out before the defeasance can be consummated.
From Encyclopaedia Britannica, 11th Edition, Volume 7, Slice 10 "David, St" to "Demidov" by Various
