Financial

habendum clause

Also found in: Legal.

habendum clause

The part of a deed that begins with the words “to have and to hold”and that defines the quantity of estate granted,such as “to have and to hold for and during her natural life and thereafter to grantor.”This example gives a life estate to the grantee and a remainder to the grantor.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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