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(noun) an illness, disease, or other medical problem. Synonyms: experimental condition, stipulation, shape, status, precondition, circumstance, consideration, term. condition, term(noun) (usually plural) a statement of what is required as part of an agreement. Synonyms: experimental condition, terminus, stipulation, terminal figure, shape, status, full term, precondition, circumstance, consideration, term, condition.