The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

LEGAL DEFEASANCE Definition & Legal Meaning

Definition & Citations:

The lender can require debts be paid before stating the bond is paid in full when outstanding debts occurred on the bond.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.