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Defeasance (or defeazance) (French: défaire, to undo), in law, is an instrument which defeats the force or operation of some other deed or estate; as distinguished from condition, that which in the same deed is called a condition is a defeasance in another deed. [1] The term is used in several contexts in finance, including: [2]
Philosophers who use the word defeasible have historically had different world views from those who use the word indefeasible (and this distinction has often been mirrored by Oxford and Cambridge zeitgeist); hence it is rare to find authors who use both words. [citation needed] In judicial opinions, the use of defeasible is commonplace.
A defeasible estate is created when a grantor transfers land conditionally. Upon the happening of the event or condition stated by the grantor, the transfer may be void or at least subject to annulment.
7 Introduction D id your mother remind you to take off your coat when inside or you wouldn’t ‘feel the benefit’ when you leave? Have you ever been informed that what you need to cool
Delay, Deny, Defend is a critical exploration of the property and casualty insurance industry, examining how its practices affect policyholders.Feinman, a law professor specializing in consumer rights and insurance law, argues that the industry prioritizes profits over policyholders' needs, often using tactics like delaying or denying legitimate claims to bolster financial performance.
Some of the biggest lenders in the US are beating a retreat from a UN-backed bank climate group in the final weeks before a new Trump administration prepares to take office.
CVS Health's Caremark, Cigna's Express Scripts and UnitedHealth Group's Optum control the majority of the U.S. pharmacy benefit market, with their parent companies also operating health insurance ...
A recognizance is a form of bail, in which an accused is released from pre-trial detention with an incentive to ensure that they will appear before the court to face charges on a certain day in the future.