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Glossary

 
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Glossaries

Term Definition
tenant in common
A form of holding title that enables the title-holders to separately convey their respective portions of the real property, whether by sale or will or trust benefit.
Term
The duration of a lease
Trust Transfer Deed
A deed used to transfer real property into a trust so as to fund the trust.
trustee
(1) The person that has custody of or control over funds or items for the benefit of another; (2) in a bankruptcy case, a person appointed to represent the interests of the bankruptcy estate and the unsecured creditors. The trustee's responsibilities may include selling the property of the estate, making distributions to creditors, and bringing actions against creditors or the debtor to recover property of the bankruptcy estate.
trustee
(1) The person that has custody of or control over funds or items for the benefit of another; (2) in a bankruptcy case, a person appointed to represent the interests of the bankruptcy estate and the unsecured creditors. The trustee's responsibilities may include selling the property of the estate, making distributions to creditors, and bringing actions against creditors or the debtor to recover property of the bankruptcy estate.