Terms Pertaining to the Transfer &/or Use of Another’s Property:

Vest – to confer ownership to or give fixed right of present or future enjoyment (of property) to a person.

Bonitary Ownership – a type of equitable ownership recognized by the praetor when the property was conveyed by an informal transfer, or by a formal transfer by one who is not the true owner.

Owner’s Policy – a title-insurance policy covering the owner’s title as well as the mortgagee’s interest (real estate).

Contingent Ownership – wherein title is imperfect but is capable of becoming perfect on the fulfillment of some condition.

Imperfect Ownership – ownership party subject to a usufruct interest held by another.

Usufruct – the right to the use, enjoyment, or profits of another’s property without damaging it.

Owner’s Policy – a title-insurance policy covering the owner’s title as well as the mortgagee’s interest (real estate).

References:

Disclaimer: All material throughout this website is pertinent to people everywhere, and is being utilized in accordance with Fair Use.

[1]: Black’s Law Dictionary Deluxe Tenth Edition by Henry Campbell Black, Editor in Chief Bryan A. Garner. ISBN: 978-0-314-61300-4

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Equity Jurisprudence

Intro to U.S. Law

Legal Precepts Adopted (from Europe) into The U.S. Constitution

§ § of Law Embedded into the Constitution Pursuant to the American Revolution

Indian Country Law

Federal Rules of Procedure

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