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Definition
Entity that has an enforceable claim or title to an asset or property, and is recognized as such by law. For example, a lender is the legal owner of a property (mortgaged as a collateral for payment of a loan) by a borrower who is its legal possessor and retains only the right of redemption in it.
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legal owner is in the Corporate, Commercial, & General Law subject.
legal owner appears in the definitions of the following terms: title search, notorious possession, beneficial interest, possession, assured, replevin and adverse possession
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http://www.businessdictionary.com/definition/legal-owner.html







