Tackless financial definition of tackless
tack (redirected from tackless)
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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
Primarily as a result of the Company's licensing of the tackless
carpet strip business, gross margins continued to improve, to 34.
The decline was attributable to the effects of the licensing of domestic distribution rights of the Company's tackless
carpet strip business.
Nasdaq:QEPC) today announced that the Company has sold the domestic distribution rights for its line of tackless