Defeasance probably isn’t a word you hear used in everyday conversation. When you’re buying a home, though, it’s important to know what it means — it refers to terminating something, or rendering it ...

A defeasance clause in real estate is a provision in loan agreements that defines how a borrower can satisfy the lender's requirements in order to release their lien on the property. This clause can ...

The Michigan Law Review began publication in 1902 and is the sixth oldest legal journal in the country. The Review originally was intended as a forum for the faculty of the Law Department to publish ...