legal owner |
|
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.
email to a friend
print this definition
cite this definition
link to this page
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
This content can be found on the following page:
http://www.businessdictionary.com/definition/legal-owner.html