Tacking financial definition of tacking
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To add one time period onto another.When parties are in adverse possession of real property, the possession must be uninterrupted and last for 10 to 20 years before the true owner will be prohibited from trying to regain the property.A current possessor can tack his or her time together with the time of prior possessors in order to accumulate the requisite number of years.
References in periodicals archive
The 9th Circuit affirmed the district court's decision, noting that the question of tacking
is a "highly fact-sensitive inquiry" to be resolved by juries.
This is a safety rule designed to stop boats tacking
inside the zone at the windward mark.
NYSE:AOC) is leading the rally within the SPX this afternoon, tacking
on almost six percent after the firm announced last night a $1 billion share buyback plan and reported promising U.
The new RRS 18 applies for mark roundings, RRS 19 applies to passing obstructions and RRS 20 is for tacking