Fair and equitable test

 

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Fair and equitable test

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



Fair and equitable test

Similar Matches

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.


Equitable owner

Equitable owner

The beneficiary designated to receive property held in trust.


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.


Equitable owner

Equitable owner

The beneficiary of a property held in a trust.




 
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