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Claude in a contract, title, or mortgage that is subject to being annulled, repealed, or revoked upon the satisfaction of a claim or completion of a future event.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

Residence

location where someone stays on a permanent basis. An example is a home to a family. ...

Alta Title Policy

Trust policy. ...

Renewal Commission

Commission paid to an agent after the first year commission has been paid to that agent. Renewal com ...

Pup Company

Subsidiary, smaller company that is owned and controlled by a much larger company. In many instances ...

Exempt Property

Real estate not subject to property tax such as that owned by nonprofit entities including charitabl ...

Insurance Department

Authority that administers state laws regulating insurance and licenses insurance companies and thei ...

Related Real Estate FAQ

What Is A Survey?

A survey is an examination of a property\'s boundaries to determine the quantity of land, location o ...

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mor ...

What Are Paid Advertorials?

Paid advertorials are articles written by public relations professionals that have just one goal in ...

What Is A Balloon Mortgage?

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

What Is A Default?

A default is when a person fails to make payments on a loan. ...

What Is Joint Tenancy?

A joint tenancy is an equal, undivided ownership in a property by two or more individuals. ...

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

Mortgage Loan Types What is Escrow and how does it Work? What do Real Estate Attorneys do? Short Sale Homes Rent or Buy - the pros and cons

FAQ

What is a title search? What do I need to know about Watercraft Insurance? What are prepayment penalties? Do I need Earthquake Insurance? What is a loan-to-value (LTD) ratio?