- conventional estate
- An estate in land created by agreement rather than by operation of law.
Ballentine's law dictionary. Anderson, W.S.. 1998.
conventional estate
Look at other dictionaries:
estate — The degree, quantity, nature, and extent of interest which a person has in real and personal property. An estate in lands, tenements, and hereditaments signifies such interest as the tenant has therein. 2 Bl.Comm. 103. The condition or… … Black's law dictionary
estate — The degree, quantity, nature, and extent of interest which a person has in real and personal property. An estate in lands, tenements, and hereditaments signifies such interest as the tenant has therein. 2 Bl.Comm. 103. The condition or… … Black's law dictionary
conventional — con·ven·tion·al /kən ven chə nəl/ adj 1: based on, settled by, or formed by agreement: contractual compare judicial 2, legal 2c 2: of, like, or r … Law dictionary
conventional life estate — A life estate created by the act of the parties, by deed, will, or contract. 28 Am J2d Est $ 56. Conventional life estates are also frequently created, not by express words, but by general grant, not defining or limiting any specific estate. They … Ballentine's law dictionary
Conventional Cash Flow — A series of inward and outward cash flows over time in which there is only one change in the cash flow direction. A conventional cash flow for a project or investment is typically structured as an initial outlay or outflow, followed by a number… … Investment dictionary
estate of freehold not of inheritance — A freehold estate which does not pass to the heirs of the holder but is only for his lifetime or that of another person. Such estates are conventional, that is, expressly created by the acts of the parties; or they are legal, that is, they are… … Ballentine's law dictionary
conventional mortgage — A mortgage loan based solely upon the value of the mortgaged real estate and the creditworthiness of the borrower. A mortgage loan without insurance or guarantees from a government agency. American Banker Glossary A loan based on the credit of… … Financial and business terms
conventional loan — Real estate loan (usually from bank or savings and loan association) not involving government participation by way of insurance (FHA) or guarantee (VA) … Black's law dictionary
conventional loan — Real estate loan (usually from bank or savings and loan association) not involving government participation by way of insurance (FHA) or guarantee (VA) … Black's law dictionary
conventional mortgage — noun : a real estate mortgage not underwritten by a government agency … Useful english dictionary
