Abeyance
Definition
A situation in which the legal owner to real estate is uncertain and the determination of the true owner is pending.
Definition from Nolo’s Plain-English Law Dictionary
A condition in which there is no clear legal owner to real estate. For example, after a property owner dies, it may take a while to determine who the new legal owner of the real estate is.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:10 pm
