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undivided interest |
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Undivided Interest A form of communal ownership in which all owners share possession jointly and severally. That is, owners with undivided interest collectively own a single piece of property rather than each owning a portion of it. Decisions regarding the property must be made as a group. undivided interest Ownership that is shared with other co-owners,but not as to any particularly identifiable portion of the whole. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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