Search Results for: life tenant

reversion

reversion, n. 1. The interest that is left after subtracting what the transferor has parted with from what the transferor originally had; specif., a future interest in land arising by operation of law whenever an estate owner grants to another a particular estate, such as a life estate or a term of years, but does

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survivor

survivor n. 生存者 指比他人活得更久或生存至某一事件发生之后的人。在信托中,如果受托人为数人,则生存的受托人不仅包括在其他受托人死亡时幸存的部分受托人,还包括在其他受托人发生不适格、被辞退、请辞或拒绝接受信托等情形时继续执行信托事务的受托人。在涉及生存者的余产继承权时,该权利是既定的〔vested〕或不确定的〔contingent〕,需依该权利是与被继承人或授权人的死亡还是与其他人的死亡相关联而定,即:如果该权利与财产分割的时间相联系,要求生存者生存至终身保有地产人〔life tenant〕死亡后,则其为不确定权利;如果它是与被继承人的死亡相联系,要求生存者生存至契约或遗嘱生效时,则该生存者权利为既定的权利。

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assize utrum

assize utrum (yoo-tr[schwa]m). [Latin] Hist. A writ to determine whether land claimed by a church was held by lay or spiritual tenure. • This writ is named after its emphatic word, which required the fact-finder to determine whether (utrum) the land belonged to the church. — Also termed (erroneously) assize of utrum; assize de utrum.

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aid prayer

aid prayer. Hist. A plea by a life tenant or other holder of less than a fee simple to bring into the action another who holds an interest in the estate (such as a reversioner or remainderman) to help defend the title. — Also termed prayer in aid.

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usufruct

usufruct (罗马法)(大陆法)用益权 对他人财产进行使用和收益,但不得改变财产基本特性的权利。用益权人要象负责任的所有人那样维护财产,用益不得造成财产的损害或减少,但财产随时间而自然损耗者不在其内。在罗马法中,用益权被视作一种财产的负担〔encumbrance〕;在现代法中,用益权人类似于终身地产保有人〔life tenant〕,该财产之所有权人则为名义上的财产所有权人〔naked owner〕。在现代民法中,用益权的特征因其所指向的物是否会被消耗而不同。有两种分类,一种是将其分为完整用益权〔perfect usufruct〕和不完整用益权〔imperfect usufruct〕或准用益权〔quasi-usufruct〕,前者所指的财产虽经使用而不改变其本质,后者所指的财产则会在使用中被消耗,如农作物、钱币等,从而用益权人有责任补偿所消耗部分的价值。另一种是根据收益的不同进行分类,即自然收益〔natural profits〕(由被使用对像直接产生)、劳作收益〔industrial profits〕(通过耕作而产生)和法定收益〔civil profits〕(通过其他民事权利而产生的收益,如租金、年金、收入等)。

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for own use

for own use 为己用 指一种目的限制。在与终身地产保有人〔life tenant〕相关时,指对其享有或将来享有的所保有地产上的权益的限制,该地产保有人只能为自己的使用或享用〔enjoy〕而享有该权益。

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power of sale

power of sale 出卖权;变卖权 指所授予的将相关财产进行出卖的权力。包括如下几种情形:1一种通常存在于抵押合同或信托契据〔deed of trust〕中的条款。据此,抵押权人(或受托人)有权在被担保的债务未履行时,即可将抵押物进行公开拍卖,而无需诉诸法院。拍卖所得用以向债权人进行清偿,而买受人亦可据此受让抵押物,抵押人则完全丧失对抵押物之财产权及抵押物回赎权〔redemption〕;2终身地产保有人〔life tenant〕为获得生活费、教育费等费用而有权将其地产权进行处分;3代理人经由授权而出卖被代理人的财产。

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power in gross

A power held by a donee who has an interest in the assets subject to the power but whose interest cannot be affected by the exercise of the power. • An example is a life tenant with a power over the remainder. — Also termed power collateral. [Cases: Powers 23. C.J.S. Powers § 5.]

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