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Fair and equitable test |
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Fair and equitable testA set of requirements for a plan of reorganization to be approved by the bankruptcy court.Fair and equitable test Similar MatchesEquitable ownerEquitable ownerThe beneficiary of a property held in a trust. Equitable MortgageEquitable 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. Equitable ownerEquitable ownerThe beneficiary designated to receive property held in trust. Equitable ConversionEquitable ConversionA 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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