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 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 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 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

Even if Queen Mary, as a drama, had many more than its actual faults, this fact alone—this extraordinary defeasance by the poet of his familiar identity—would make it a remarkable work.

From Views and Reviews by James, Henry