words of limitation
Definition
Words in a conveyance, deed, or will which describe and set the duration, extent, or quality of an estate that is, limit the size of interest given. The words "To 'X' and her heirs," for example, interpreted according to the established principles of land law indicate the quantum of the interest granted to 'X' but give nothing directly to her heirs.
Popular 'Corporate, Commercial, & General Law' Terms
words of limitation in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/words-of-limitation.html
