9 March 2015
defeasance
[dih-fee-zuh ns]
noun, Law.
1. a rendering null and void.
2. a condition on the performance of which a deed or other instrument is defeated or rendered void.
3. a collateral deed or other writing embodying such a condition.
Origin
late Middle English Anglo-French Old French
1400-1450; late Middle English defesance < Anglo-French defesaunce, Old French defesance, equivalent to desfes- (past participle stem of desfaire to undo; see defeat ) + -ance -ance
Related forms
nondefeasance, noun
Dictionary.com
Examples from the web for defeasance
– The final regulations apply only to guaranteed investment contracts and yield restricted defeasance escrows.
– Defeasance of debt can be either legal or in-substance.
Today’s aphorism
We think we know one another so well that we actually never give ourselves the chance to truly get to know one another.
– Mark DeNicola
On this day
9 March 1454 – birth of Amerigo Vespucci in Florence, Italy. Italian explorer, financier, navigator and cartographer. Vespucci believed that Christopher Columbus’s discovery of the ‘New World’ or ‘East Asia’ (now known as the Bahamas) and the land mass beyond it, was not part of Asia, but a separate ‘super-continent’. America is named after Vespucci. Died 22 February 1512 in Seville, Spain.
9 – 10 March 1945 – A new U.S. offensive against Japan is launched in which more than 2,000 bombs were dropped on Tokyo over a 2 day period, killing around 80,000 people and destroying 40km2. The attack was known as ‘Operation Meetinghouse’ and is considered the single worst bombing in history. It is also believed the official death toll was greatly understated by both Japan and America for their own reasons. Operation Meetinghouse was only one of a number of fire (incendiary) bombings of Japan between 17 November 1944 and 15 August 1945. The fire-bombings demolished every Japanese city, except for Hiroshima and Nagasaki, which were reserved for the atomic bomb attacks of 6 and 9 August 1945. The incendiary and atomic bombings killed at least 2 million Japanese civilians.
9 March 1934 – birth of Yuri Gagarin, Soviet astronaut. On 12 April 1961, he became the first man into space and to orbit Earth while aboard the Vostok 1 spacecraft.