Personal Interest - Law Dictionary Search Results
Tail
freehold of inheritance and is now an equitable interest which may be created after 1925 in respect of personalty as well as realty by way of trust and which (if not barred or disposed of by will
Remainder
Remainder [fr. remanentia, Lat.], that expectant portion, remnant, or residue of interest which, on the creation of a particular estate, is at the same time limited over to another, who … remainders can operate only as equitable interests, and in that manner they can be created in respect of personality as well as realty. The follow-ing explanation of legal remainders has been retained as relating to titles to
Deed
s. 5], reproduced by the Law of Property Act, 1925, s. 56 (2), made between two or more persons in different interests, or a deed-poll (charta de una parte) made by a single person or by two … by the Law of Property Act, 1925, s. 56 (2), made between two or more persons in different interests, or a deed-poll (charta de una parte) made by a single person or by two or more persons
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Equitable estates and interests
alone was responsible for the obligations and incidents attaching to the property, the beneficial owner merely having a personal right inequity to force the legal owner to carry out his obligation or trust, but the rights and … Equitable estates and interests, Rights relating to property of which the legal ownership is vested in another person, or in the equitable
Chattels or catals
of tenant by statute staple, by statute merchant, by elegit, and such like, Co. Litt., 118 b. Chattels personal or in a more narrow and more modern sense, 'chattels' (cf. 'goods and chattels' in the writ of … and 'chattels real,' which concern the realty, such as terms of years of lands or tenements, wardships, the interest of tenant by statute staple, by statute merchant, by elegit, and such like, Co. Litt., 118 b. Chattels
Settled land
paid must not be less than two, or a trust corporation, but this does not apply to a personal representative selling in course of administration or to persons of full age absolutely entitled to deal with the … For the purposes of the (English) Settled Land Acts, 1882-1890, 'settled land' meant land, and any estate and interest therein, which was the subject of a settlement; and 'settlement' meant any instrument, or any number of instruments,
party
value and given for the benefit of an accommodated party secured party : a party holding a security interest in another's property third party : a person other than the principals [insurance against injury to a third … party pl: parties 1 a : one (as a person, group, or entity) constituting alone or with others one of the sides of a proceeding, transaction, or agreement
trust
trust agreement setting out the rights of the beneficiaries whose interests in the trust are declared to be personal property called also Illinois land trust naked land trust living trust : inter vivos trust in this entry … purpose of making profit and that is usually characterized by some kind of commercial activity, transferable certificates of interest, existence continuing after the death of beneficiaries, limited liability, legal title in the hands of trustees, and officers
Real representative
Real representative. The name formerly given to a personal representative on whom real estate devolved on the death of any person between the 31st December, 1897, and … A. E. act, 1925, provides:- '(1) Real estate (q.v.) to which a deceased person was entitled for an interest not ceasing on his death shall, on his death and notwithstanding any testamentary disposition thereof, devolve from time
Personal property
Matched in: Term Personal property
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