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单词 legal estate
释义

legal estate

Definition
Right to hold the legal title (ownership) to an asset or property. A lender holds a legal estate in the asset mortgaged as collateral, while the borrower retains only the right of redemption. A trustee holds a legal estate in the trust assets for the benefit of its beneficiaries.
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更新时间:2025/4/16 21:10:47