Defease definitions

Defease

To set aside sufficient money to retire outstanding debt when due. A full defeasance results in release from covenants and contractual obligations contained in the bond documents.
Found on http://www.encyclo.co.uk/visitor-contributions.php

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defease

to defeat or annul (a contract, deed, etc.).
Found on https://www.infoplease.com/dictionary/defease

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