deference - a courteous expression (by word or deed) of esteem or regard; his deference to her wishes was very flattering; be sure to give my respects to the dean. 2. deference - courteous regard for people's feelings; in deference to your wishes; out of respect for his privacy.
Conditions precedent is a term used to define all the significant points that need to be dealt with prior to closing a transaction. They are itemized in the letter of intent (LOI) by either the buyer or the seller, although it is usually the buyer who typically inserts them.
early 15c., case which may be taken as a rule in similar cases, from Middle French precedent, noun use of an adjective, from Latin praecedentum (nominative praecedens), present participle of praecedere go before (see precede). Meaning thing or person that goes before another is attested from mid-15c. As an adjective in English from c.1400. As a verb meaning to furnish with a precedent from 1610s, now only in past participle precedented.