Definition
"Defeasible" describes something that can be annulled, voided, or undone. It implies a conditional quality, meaning it's valid unless a specific condition occurs. Think of it like a video game power-up that lasts until you get hit â the power is defeasible. It's not permanent or absolute. It's kind of like a trial period or a temporary agreement. This term is often used in law or finance to indicate conditional rights or titles.