Property Interest - Law Dictionary Search Results
Watandar
is a larger class of persons belonging to the watan families having a hereditary interest in the watan property as such and the other a smaller class of persons who were appointed as representative watandars and who
tenancy
tenancy pl: -cies 1 : the holding of or a mode of holding an estate in property: a : a form of ownership of property : tenure b : the temporary possession or occupancy of … at sufferance joint tenancy : a tenancy in which two or more parties hold equal and simultaneously created interests in the same property and in which title to the entire property is to remain to the survivors
Extinguishment
performance of a trust or duty cannot be extinguished. In regard to other cases, the (English) Law of Property Act, 1925, s. 155, replacing the (English) Conveyancing Act, 1881, s. 52, provides that all powers, whether coupled … Extinguishment, the annihilation of a collateral interest, or the supersedure of one interest by another and greater interest in that out of which it is
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Estate duty
Customs and Inland Revenue Act, 1889. Property 'passing' on death includes also settled property, in which the life interest is surrendered to the remainderman by the tenant for life within the three years before the death of … by the (English) Finance Act, 1894 (57 & 58 Vict. c. 30), upon the principal value of all property, real or personal, settled or not settled, which passes or is deemed to pass on the death of
equity
: a right, claim, or interest existing or valid in equity b : the money value of a property or of an interest in property in excess of any claims or liens (as mortgage indebtedness) against it
Financial asset
whether secured or unsecured; or (ii) any debt or receivables secured by, mortgage of, or charge on, immovable property; or (iii) a mortgage, charge, hypothecation or pledge of movable property; or (iv) any right or interest in
ownership
ownership that is apparent rather than actual and that sometimes is recognized in cases of purchase of the property by an innocent third party [a dispute arising from the dealer's ostensible ownership and sale of the collateral] … ownership : the state, relation, or fact of being an owner ;also : the rights or interests of an owner [reduced their by one third] absolute ownership : ownership esp. by a single person that
Heir
comprehended in infinitum. A person who, under the laws of intestacy, is entitled to receive an intestate decedents property, esp. real property, Black's Law Dictionary, 7th Edn., p. 727. The (English) Admin. Of Estates Act, 1925, s. … 1926, in deeds and wills executed after 1925, under which the 'heir' may become entitled to an equitable interest in personality and realty corresponding to a real estate by purchase under the old law; see (English) Law
Restraint on alienation
alienation. Although conditions in restraint of alienation of an absolute interest in possession in either real or personal property are generally void on the ground of repugnancy [see Re Dugdale, (1888) 38 Ch D 176, and RE-PUGNANT],
Entireties, tenancy by
Act, 1925, 1st Sched. Part VI., and converted to a joint tenancy without affecting the beneficial interest. The property is to be held upon trust for sale (ibid., s. 36). See (English) Married Women's Property Acts, 1882
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