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.
precedent. A precedent is an authoritative case, example, or instance. The communism of the early Christians in Jerusalem is a wonderful example or instance of Christian liberality, but not a precedent for the universal church through all time. Cases decided by irregular or unauthorized tribunals are not precedents for the regular administration of law. An obiter dictum is an opinion outside of the case in hand, which can not be quoted as an authoritative precedent. Compare CAUSE; EXAMPLE.