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Merger

worked great hardship in cases where the immediate reversion on a lease was a leasehold term; leaseholds, however long their term, being considered an inferior or less estate than a freehold, e.g., if the leasehold reversion became

lease

notification of where such information can be obtained. ground lease : a lease of land usually for a long term in consideration of the payment of rent and with the agreement that the lessee build or improve a

Custom

Sp.; consuetudo, Lat.], 'Custom maybe defined to be a law or right not written which being established by long use and consent of our ancestors has been and daily is put in practice' (Les Termes de la … established by long use and consent of our ancestors has been and daily is put in practice' (Les Termes de la Ley). In Lockwood v. Wood, 6 QB 50, Tindal C.J., at p. 64 says that it

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Copyhold

leases with a perpetual right of renewal by lease or grant from the copyholder have been converted into long terms of 2,000 years. All customary modes of descent were abolished in regard to deaths happening after 1925 … If the lord convey to the copyholder the land for an estate of freehold, or even for a term of years. (5) The efforts of the Legislature have been much directed to the facilitation of enfranchisement, but

bond

of a series of bonds maturing periodically rather than on a single maturity date Treasury bond : a long-term government bond issued by or under the authority of the U.S. Treasury compare Treasury bill at bill Treasury

Building lease

Building lease, a lease of land for a long term of years, usually 99, at a rent called a ground rent, the lessee covenanting to erect certain buildings

Capital employed

a fixed connotation or meaning but it is susceptible of varied meanings, including or excluding short-term borrowings or long-term borrowings, whether of all categories or of any particular category or categories depending on its environmental context, Lohia

Floating charge

The subsidiary shares, rather than circulating in the ordinary course of the claimant's business, are part of its long-term structure and in such a case the fact that the charge extends to shares in future subsidiaries does

Dum casta vixerit

Dum casta vixerit (so long as she shall live chaste). In deeds of separation of husband and wife, it is not uncommonly provided … to the wife shall continue only so long as she shall live a chaste life. This proviso is termed the 'dum casta clause.' As to the insertion of such a clause when the Court, in decreeing a

Leasehold value

Leasehold value, means the value of a leasehold interest. This term usu. applies to a long-term lease when the rent paid under the lease is lower than current market rates. Some states permit the

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