Bodega, California. Bodega is an unincorporated community and census-designated place (CDP) in Sonoma County in the U.S. state of California. The town had a population of 220 as of the 2010 Census. Bodega is located on Bodega Highway, about 5 mi (8 km) west of Freestone, California.
Legal Definition of abeyance. 1  1 : a lapse in the succession of property during which there is no person in whom title to the property is vested âusually used with in the estate was in abeyance.
Defeasance. 1  The setting aside by a borrower of cash or bonds sufficient to service the borrower's debt. Both the borrower's debt and the offsetting cash or bonds are removed from the balance sheet. 2  1. A provision in a loan or bond removing it as a liability on a balance sheet if cash or a portfolio is set aside for debt service.