- interest in property
- In the broader sense of the term, ownership of a particular property, whether of the full or a lesser interest. More precisely, a right in or to property which is less than ownership or title, 29A Am J Rev ed Ins § 825. A right less than an estate. Garner v Milwaukee Mechanics' Ins. Co. 73 Kan 127, 84 P 717. In free usage, an estate. Embracing both legal and equitable rights. Gibb v Philadelphia Fire Ins. Co. 59 Minn 267, 61 NW 137. Under a statute requiring a license to engage in the business of buying and selling interests in real estate, there is strong support for the view that a person engaged in buying or selling businesses as going concerns, including real estate as a part of the subject matter of the transfer, is not within the statute. But there is authority to the contrary. 12 Am J2d Brok § 15. The term "interest in land," as used in the statute of frauds, means some portion of the title or right of possession, and does not include agreements which may affect land but which do not complete the transfer of any title, ownership, or possession. 49 Am J1st Stat of F § 154. See change of interest; chattel interest; estate; executory interests; insurable interest; landed interest; license coupled with an interest; life interest; limited interest; possessory interest; power coupled with an interest; public interest; qualified interest; royalty interest; unity of interest; vested in interest; vested interest.
Ballentine's law dictionary. Anderson, W.S.. 1998.