cesser, proviso for

cesser, proviso for
A provision in a settlement creating long terms that when the trusts are satisfied, the term should cease and determine. This proviso generally expresses three events:
(1) The trusts never arising;
(2) their becoming unnecessary or incapable of taking effect;
(3) the performance of them

Black's law dictionary. . 1990.

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  • cesser, proviso for — A provision in a settlement creating long terms that when the trusts are satisfied, the term should cease and determine. This proviso generally expresses three events: (1) The trusts never arising; (2) their becoming unnecessary or incapable of… …   Black's law dictionary

  • mortgage — mort·gage 1 / mȯr gij/ n [Anglo French, from Old French, from mort dead (from Latin mortuus ) + gage security] 1 a: a conveyance of title to property that is given to secure an obligation (as a debt) and that is defeated upon payment or… …   Law dictionary

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