Terminable Property - Law Dictionary Search Results
prescription
until the possessor begins to possess the property on his or her own behalf (as after a lease terminates). liberative prescription : a period of time set by law (as one year) after which legal action is
property
Matched in: Term property
gift
gift over pl: gifts over : a gift esp. by will of property that takes effect upon the termination or failure of a preceding estate (as a life estate) in the property manual gift : a gift
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nullity
such a nullity NOTE: A marriage that is an absolute nullity does not have to be annulled to terminate its legal effects (as property rights). rel·a·tive nullity in the civil law of Louisiana : a nullity that
statutory rule against perpetuities
;esp : a uniform statute invalidating a future interest in property that is not certain to vest or terminate within a life in being plus 21 years or that does not vest or terminate within 90 years
assignment
effective assignment : an assignment by which the assignor's interest in the property or right being assigned is terminated and transferred to the assignee equitable assignment : an assignment (as of property in which one has a
community
of a husband and wife for the purposes of ownership of property in community property states [an agreement terminating the ] see also community property at property, regime
Foreclosure
assigned to the Chancery Division of the High Court. [Jud. Act, 1925, s. 56(1)] A legal proceeding to terminate a mortgagor's interest in property, instituted by lender either to gain title or to force a sale in
reversion
in possession by operation of law upon termination of the lesser estate b : the future interest in property left in a grantor or his or her successor in interest that is not subject to a condition … act of turning back, from revertere to turn back] 1 : the returning of an estate upon its termination to the former owner or to his or her successor in interest 2 a : the present vested
right of entry
legal right of taking or resuming possession of real property in a peaceable manner b : power of termination at power c : the legal right to enter upon real property of another for a special purpose
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