Abeyances - Definition

A situation where in a property ownership is not determined. Ownership of property, estate, office or title has not been positioned after a death, loss or dispute. When a property has no legal Owner it is set in abeyance till the ownership is determined. It can remain in abeyance for decades. Abeyance occurs when the present owner does not declare a beneficiary, then the new ownership is determined through the outcome of some happenings at some time in the future.



Terms near "Abeyances"

Ability to pay
Above par
Absolute advantage
Absolute priority rule
Absorbed
Absorption rate
Abstract title
Abusive tax shelter
Accelerated benefits
Accelerated Cost Recovery System
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