Equitable owner

 

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Equitable owner

The beneficiary of a property held in a trust.

Equitable owner

The beneficiary designated to receive property held in trust.



Similar Matches

Equitable Mortgage

Equitable Mortgage

(1) A lien against real property (mortgage)which is enforceable in a court of equity, but does not legally constitute a mortgage. (2) A deed given as security for a debt will be held to be a mortgage rather than a transfer of title. Also called a constructive mortgage.


Fair and equitable test

Fair and equitable test

A set of requirements for a plan of reorganization to be approved by the bankruptcy court.


Equitable Conversion

Equitable Conversion

A legal fiction applied to a land contract which treats the vendee's (buyer's) interest as a real property interest even though the seller holds legal title, and the seller's interest as a security interest (personal property). This enables the buyer to act as the "owner" of the property without having "legal" title.




 
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