Conversely, if the
defeasance provisions allow borrowers to provide the actual
defeasance collateral to lenders and do not require
Kaynak: DefeasanceCommercial mortgages often contain lockout provisions after which they can be subject to
defeasance , yield maintenance and prepayment
Kaynak: Commercial mortgage-backed securityA recognizance is subject to a "
defeasance"; that is, the obligation will be avoided if person bound does some particular act, such as
Kaynak: Recognizancefuture interest depends is precedent, the interest is contingent; if the condition is subsequent, the interest is vested, subject to
defeasance.
Kaynak: Contingent interestThe etymology of defeasible usually refers to Middle English law of contracts, where a condition of
defeasance is a clause that can
Kaynak: Defeasible reasoningIt was said, there was no promise of a
defeasance. That is not necessary. But here is proved, in writing, a promise that the estate should
Kaynak: Vernon v BethellDue to the bond refinance, bond
defeasance and increased market value, the District will have the necessary bonding capacity by the fall
Kaynak: Middleton High School (Idaho)interest as a fixed chargee, but one that is subject to
defeasance or overreaching by permitted dealings by the chargor with the charged assets.
Kaynak: Floating chargeConduit mortgages: This is known as a
defeasance . When a property defeases, the bond it is in will increase in value since the higher risk
Kaynak: Commercial mortgagein fee or for years to the lender; (2) an indenture or bond (the
defeasance) reciting the loan and providing that if it was repaid the
Kaynak: Mortgage law