D

What may be undone or annulled. Subject to be defeated, annulled, revoked, or undone upon the happening of a future event or the performance of a condition subsequent, or by a conditional limitation. Usually spoken of estates and interests in land. For Instance, a mortgagee's estate is defeasible (liable to be defeated) by the mortgagor's equity of redemption. Defeasible fee. … [Read more...] about DEFEASIBLE

Expenses that may be deducted for tax purposes from personal income taxes. … [Read more...] about DEDUCTIBLE EXPENSES

Engines or great nets made of cord to catch deer. 19 Hen. VIII. c. 11. … [Read more...] about DEER-HAYES

An estate in fee but which is liable to be defeated by some future contingency; e.g. a vested remainder which might be defeated by the death of the remainderman before the time fixed for the taking effect of the devise. … [Read more...] about DEFEASIBLE FEE

(1) Tax term, an amount you can subtract from the income upon which you owe taxes, for example, charitable contributions. (2) By "deduction" is understood a portion or thing which an heir has a right to take from the mass of the succession before any partition takes place. … [Read more...] about DEDUCTION