This page is continued from Ownership:
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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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Back to Interest Law and Types of Interest
Ownership Law and Types of Ownership
Legal Precepts Adopted (from Europe) into The U.S. Constitution
§ § of Law Embedded into the Constitution Pursuant to the American Revolution
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