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Legal Terms – Cesser
cesser: The early termination of an interest or right. For instance, supposing land is held in trust for A for his whole life, provided he remains single, and if he marries, A's life interest is terminated for B. A mortgage by demise, which is the giving of a lease, stipulates a cesser on redemption, meaning that the tenancy terminates when the loan is paid off.
cesser: The early termination of an interest or right. For instance, supposing land is held in trust for A for his whole life, provided he remains single, and if he marries, A's life interest is terminated for B. A mortgage by demise, which is the giving of a lease, stipulates a cesser on redemption, meaning that the tenancy terminates when the loan is paid off.
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