equitable life tenant

A life tenant not automatically entitled to possession but who makes an election allowed by law to a person of that status — such as a spouse — and to whom a court will normally grant possession if security or an undertaking is given. [Cases: Life Estates 1, 6. C.J.S. Estates §§ 28–29, 31, 34, 54.]

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词条贡献者

译者Terence，毕业于国内顶尖法学院，擅长翻译各种与复杂结构性融资相关的法律文件。