Ownership: Rights to the use, enjoyment, and alienation of property, to the exclusion of others. Concerning real property, absolute rights are rare, being restricted by zoning laws, restrictions, liens, etc.

 

Related Words

Ownership: Rights to the use, enjoyment, and alienation of property, to the exclusion of others. Concerning real property, absolute rights are rare, being restricted by zoning laws, restrictions, liens, etc.

Fractional Ownership: Timeshare ownership of two or more weeks at the same resort during a calendar year. Generally defined as ownership in intervals of more than one week and less than whole ownership. 'Fraction . . . View Full Definition

Condominium Ownership: An estate in real property consisting of an individual interest in an apartment or commercial unit and an undivided common interest in the common areas in the condo project such as the land, . . . View Full Definition

Farm Ownership (FO) Loans: Subtitle A of the Consolidated Farm and Rural Development Act, as amended, authorizes the Farm Service Agency (formerly fmha) to make direct and guaranteed farm ownership loans to eligible f . . . View Full Definition

Beneficial Ownership: Often used in risk arbitrage. Person who enjoys the benefits of ownership even though title is in another name. (Abused through the illegal use of a parking violation.)

Concurrent Ownership: Ownership by two or more persons at the same time, such as joint tenants, tenants by the entirety, tenants in common or community property owners.

Co-Ownership: Title ownership held by two or more persons.

Holiday Ownership: Synonymous with vacation ownership, another term for timeshare.

Unity Of Ownership: The four unities that are traditionally needed to create a joint tenancy-unity of title, time, interest and possession.

Vacation Ownership: Synonymous with 'timeshare'