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).

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