331. Property and Ownership
See also 235. LAND .
- abstraction
- the taking of another’s property for one’s own use.
- amortization, amortizement
- the transfer or sale of property in mortmain.
- burgage
- British, Obsolete, a form of land tenure under which land was held in return for payment of a fixed sum of money in rent or for rendering of service. Also called socage .
- devisal
- the act of devising or bequeathing real property (as contrasted with personal property). Cf. devise .
- devise
- 1. the bequeathing of real property by will.
- 2. the clause in a will devising real property.
- disseizin, disseisin
- the process of wrongfully or unlawfully dispossessing a person of his rightful real property; deprivation of seizin.
- dotation
- that which is endowed; an endowment.
- enfeoffment
- 1. the act of investing with an estate held in fee.
- 2. the deed that enfeoffs.
- 3. the possession of a fief or estate held in fee.
- entailment
- 1. the process of limiting an inheritance to a specific sequence of heirs, usually applied to large estates.
- 2. the estate entailed.
- escheatment
- reversion of ownership of property, especially real property, to the crown in the absence of persons legally qualified to inherit. Also called escheat . — escheatable, adj.
- expropriation
- the process of taking over property, especially real property, of another by any process, lawful or not.
- feoff
- fief.
- feoffment
- the granting of land to be held in fief.
- feud
- fief.
- fief
- Feudal System, heritable land in return for service as a vassal. The right to hold. Also called feoff, feud .
- foreclosure
- the process by which mortgaged property enters into the possession of the mortgagee without right of redemption by the mortgagor, usually for reason of delinquency in mortgage payments.
- freehold
- 1. ownership of property with the right to pass it on through inheritance.
- 2. the property held in this way. Cf. leasehold . — freeholder, n.
- gavelkind
- British. Obsolete. 1. the equal division of the land of an intestate deceased among his sons.
- 2. a tenant’s right to dispose of his land by feoffment at age fifteen.
- 3. land not escheating in the event the tenant was convicted as a felon.
- heirship
- the state or condition of an heir; the right to inherit property; heirdom.
- impoundage, impoundment
- the process of taking into legal custody, especially property. — impounder, n.
- infeudation
- Feudalism. 1. the process of granting an estate in fee; enfeoffment.
- 2. the granting of tithes to laymen.
- leasehold
- 1. the holding of property by lease.
- 2. the property held in this way. Cf. freehold .
- lessee
- a person or entity to whom a lease is given; a person or entity that leases property as a tenant.
- lessor
- a person or entity that grants a lease to another; a person or entity that leases property as a landlord.
- mortgage
- 1. the giving of property, usually real property, as security to a creditor for payment of a debt.
- 2. the deed pledging the security.
- mortgagee
- the person to whom property is mortgaged; the creditor in a mortgage transaction.
- mortgagor
- a person who mortgages property or gives the property as security; the borrower in a mortgage transaction.
- mortmain
- transfer or ownership of real property in perpetuity, as transfer to or ownership by a corporate body like a school, college, or church.
- nonage
- formerly, a ninth part of a parishioner’s movable property, which was claimed upon his death by the clergy in England. See also 239. LAW .
- ownership
- 1. the state or quality of being an owner.
- 2. the state of owning.
- 3. right of possession or proprietorship.
- parcenary
- coheirship, or the joint and undivided holding of inherited land by two or more coheirs.
- parcener
- a coheir or joint heir; a person who holds property jointly by inheritance.
- peculium
- Roman Law. property that might be held by a son, wife, or slave.
- revaluation
- the assigning of a new, usually higher value, as to money, real estate, etc.
- seizin, seisin
- 1. possession of a freehold estate.
- 2. the estate so possessed.
- serjeanty, sergeanty
- (in medieval England) a form of land tenure in which a tenant holding land from the king owed services only to him.
- severalty
- the ownership or holding of property by separate and individual right. See also 363. SEPARATION .
- socage
- burgage
- socager, socman
- a tenant by socage.
- squatterism
- 1. the state or practice of being a squatter, or one who settles on government land, thereby establishing ownership.
- 2. the state or practice of settling in vacant or abandoned property, either for shelter or in an attempt to establish ownership. — squatter, n.
- superfeudation, superinfeudation
- creation of a feudal estate out of or upon another feudal estate.
- usucaption
- Roman Law. right to or ownership of property on the basis of possession of it for a prescribed period of time. — usucapient, n.
- usufruct
- the right to enjoy benefits or profits from something, as real property, while not being the owner of it. — usufructuary, n., ad].
- vassalage
- 1. the condition of land tenure of a vassal.
- 2. the fief or lands held.
- villeinage
- the type of tenure under which a villein held his land. Also called villanage .
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