equitable title

A title that indicates a beneficial interest in property and that gives the holder the right to acquire formal legal title.

• Before the Statute of Uses (1536), an equitable title was enforceable only in a court of chancery, not of law. Cf. legal title. [Cases: Vendor and Purchaser 54. C.J.S. Vendor and Purchaser §§ 145–146.]

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词条贡献者

译者Peter，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与复杂金融产品相关的法律文件。