Capable of being defeated, terminated, annulled, voided or invalidated.
The accounting charge for the non-callable debt is defeasible by an escrow.
Back-formation from defeasance + -ible, from Anglo-Norman defesaunce, Old French desfaisance, a deverbal noun from desfaire (“to undo”) (Modern French défaire), from des- (“un-, apart”) + fere, faire ...
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