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.
condition precedent. n. 1) in a contract, an event which must take place before a party to a contract must perform or do their part.2) in a deed to real property, an event which has to occur before the title (or other right) to the property will actually be in the name of the party receiving title.ondition precedent. n. 1) in a contract, an event which must take place before a party to a contract must perform or do their part.