A special needs trust funded exclusively with property given by people other than the beneficiary. Compare: self-settled trust
Leaving property at one's death, most often though a will. The person making the disposition retains ownership of the property until his or her death, at which time the property is transferred to the beneficiary.
1) In contracts or leases, a period of time, such as one year, in which a contract or lease will be in force. 2) In contracts or leases, a specified condition, often also called a clause, such as a provision that prohibits tenants from keeping pets. 3) A period of time for which a court sits or a legislature will be in session.
1) The right to occupy or hold property, sometimes only for a set period of time. 2) The right to hold a position indefinitely, absent serious misconduct or inability to perform the duties of the position. For example, federal judges have lifetime tenure, and professors who are granted tenure generally have indefinite job security. 3) The length of time for which a person has held a particular position. For example, "During my tenure on the Board of Directors, the company has doubled in size."
1) A term found in older deeds or in antiquaited deed language, referring to any structure on real property. 2) Old run-down urban apartment buildings with several floors reached by stairways.