defease Definition
to discharge or annul a bond or other legal obligation.
Using defease: Examples
Take a moment to familiarize yourself with how "defease" can be used in various situations through the following examples!
Example
The mortgage was defeased after the final payment was made.
Example
The company defeased its outstanding debt by issuing new bonds.
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Summary: defease in Brief
The verb 'defease' [dɪˈfiːz] means to discharge or annul a bond or other legal obligation. It is commonly used in financial contexts, such as when a mortgage is paid off or a company issues new bonds to replace outstanding debt.
