What does the term "defeasible" mean?

The term "defeasible" refers to something that is capable of being undone or rendered void. This legal concept is often applied in contexts such as contracts or property rights, where certain conditions can allow for the annulment or termination of the agreement or right under specific circumstances. For example, a defeasible estate in real estate means that the owner might lose their rights to the property if certain conditions are met, making it a temporary state rather than a permanent one.

Understanding this definition is critical in the field of real estate, as it can impact property transactions and the extent of rights held by property owners. In contrast to this definition, other terms presented do not align with the concept of being "defeasible," as they describe permanence, legality, or applicability limitations that do not encapsulate the essence of being subject to change or invalidation.