Defeasible


Definition of "Defeasible"

Claude in a contract, title, or mortgage that is subject to being annulled, repealed, or revoked upon the satisfaction of a claim or completion of a future event.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Workout Assumption

The assumption of a mortgage, with permission of the lender, from a borrower unable to continue mak ...

Yield On Investments Ratio

Insurance company's net investment income divided by its invested assets. The greater the yield, the ...

Time Limit

part of the Model Uniform Life and Health Insurance Policy Provisions Law giving an insurer a time ...

Payee

recipient. insurance company that receives a premium payment from a payer. insured or beneficiary w ...

Attorney In Fact

Power of attorney giving permission for a lawyer to represent a client. ...

Failure Mode And Effect Analysis

Analytical procedure to predict the failure rate of a system still in the design stage. ...

Related Real Estate FAQ

What Is An Assumable Mortgage?

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

What Is A Mortgage Broker?

A mortgage broker is an intermediary who ensures a loan between a borrower and lender. The broker ta ...

What Is A Convertible ARM?

A convertible ARM is an adjustable- rate mortgage (ARM) that can be converted into a fixed rate mort ...

What Is A Mortgagee?

A morgagee is the lender. ...

What Is A VA Loan?

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Aff ...

What Is Equity?

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If s ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How to become a real estate agent What is the Best Time of Year to Buy a Home? When to buy a house Is it better to buy or sell a home first Mortgage Loan Types

FAQ

What is Long Term Care Insurance? What is a foreclosure? What is a lock in? What do I need to know about Homeowners Insurance? What Will My ARM Loan Payment Be ?