Property Interest - Law Dictionary Search Results
right
on that care "W. L. Prosser and W. P. Keeton"] d : the interest that one has in property : a claim or title to property often used in pl. [a security interest is not enforceable…and does
Statutory trusts
Statutory trusts. for the purposes of the (English) Law of Property Act, 1925, land held upon 'statutory trusts' shall be held upon trust for sale and to stand possessed … the sale unless a contrary direction appears in the trust instrument. By the (English) Law of Property (Entailed Interests) Act, entailed interests in undivided shares of land are to be treated and held as entailed interests in
Succession to this office
Succession to this office, the word 'succession' in relation to property and rights and interests in property generally implies 'passing of an interest from one person to another' vide
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Debt
An entailed interest if disposed of by will becomes assets for the payment of debts [(English) Law of Property Act, 1925, s. 176], but not if the entailed estate has not been so disposed of. Prior to
Vest
Vest, (1) Either to place in possession; to make possessor of; or, to give an absolute interest in property when a named period or event occurs. (2) (of a right or interest) Its coming into the possession
Widow's Estate
both properties in which she has absolute estate stridhana and property in which she has only a limited interest and the term is used in the context only later sense of property in which she takes only … of the sastric law codified through judicial precedents. Thus the 'women's estate' in its larger connotation means: 'All property which has given to a woman by any means and from any source whatsoever and includes both properties
Unity of interest
Matched in: Term Unity of interest
Settlement
giving possession by legal sanction; a jointure granted to a wife; a disposition of either real or personal property or both for the benefit of one person for his life, and after his death for the benefit … the person first named. See last title, and SETTLEMENT ESTATE DUTY. The conveyance of property -- or of interests in property -- to provide for one or more beneficiaries, usu. members of settlor's family in a way
pledge
pledge 1 : a delivery of esp. personal property as security for a debt or other obligation ;broadly : the perfection of a security interest in collateral
Tenancy in Common
Tenancy in Common. Legal estate in undivided shares inland has been abolished by the Law of Property Act, 1925, s. 1, which reduced the interest of tenants-in-common to that of a cestui que trust under
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