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allodial

Overview page. Subjects: Law.

An absolute form of land holding in which the entire estate is vested in the owners, subject only to liability to escheat (see also fee).

See overview in Oxford Index

cross-vesting

Overview page. Subjects: Law.

A legislative scheme under which the jurisdiction of any court included in the scheme is vested in every other court in the scheme (see vest, vested). Two problematic cross-vesting schemes...

See overview in Oxford Index

joint tenants

Overview page. Subjects: Law.

Two or more persons who jointly own an interest in land. When one dies, the other(s) takes his share by right of survivorship. No one tenant has rights to any particular part of the...

See overview in Oxford Index

perpetuity

Overview page. Subjects: Financial Institutions and Services.

A security that makes a fixed-value payment in every time period forever. Its value is the fixed payment divided by the appropriate interest rate for that time period. If the time period is...

See overview in Oxford Index