Defeasance Clause in United States

Practical Information

Note: Some of this information was last updated in 1982

A provision in a mortgage (in U.S. law) that if the indebtedness is paid in accordance with the terms of the mortgage agreement, the mortgage will be null and void.

(Revised by Ann De Vries)

What is Defeasance Clause?

For a meaning of it, read Defeasance Clause in the Legal Dictionary here. Browse and search more U.S. and international free legal definitions and legal terms related to Defeasance Clause.