undivided interest
Definition
Claim of ownership of commonly-owned assets or property (as in a corporation, partnership, or tenancy-in-common) where each co-owner has unrestricted claim to all the assets or the entire property but no co-owner has exclusive claim to any single asset or part of the property.
undivided interest is in the Banking, Commerce & Finance, Corporate, Commercial, & General Law and Investing subjects.
undivided interest appears in the definitions of the following terms: undivided share, unit investment trust (UIT), unit and tenancy in common
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