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fluctuant. adjective. 1  Subject to change or variation: variable: fluctuant oil prices. 2  Medicine Capable of being moved or compressed. 3  Used of an abnormal mass such as a tumor or abscess.4  Moving in waves.djective. 1  Subject to change or variation: variable: fluctuant oil prices. 2  Medicine Capable of being moved or compressed. 3  Moving in waves.
The extinguishment of debt. While defeasance technically refers to extinguishment by any method (for example, by payment to the creditor), in practice it is generally used to mean discharging debt by presenting a portfolio of securities (usually, Treasury obligations) to a trustee who will use the cash flow to service the old debt.