The process of acquiring misspellings of a domain name in the hopes of catching and exploiting traffic intended for another website. For example, a typosquatter might purchase domain names such as www.lnadsend.com and www.landswnd.com and then demand money for referring customers under the Land's End affiliate program. Typosquatting is a variation of cybersquatting, an illegal practice in which a domain name is acquired in bad faith.
Under a trust, the situation that occurs when the sole trustee and the sole beneficiary are the same person or institution. Then, there's no longer the separation between the trustee's legal ownership of trust property from the beneficiary's interest. The trust "merges" and ceases to exist.
The most common instrument of financing real estate purchases in California and some other states (most states use mortgages). The trust deed transfers the title to the property to a trustee -- often a title company -- who holds it as security for a loan. When the loan is paid off, the title is transferred (reconveyed) to the borrower. The trustee will not become involved in the arrangement unless the borrower defaults on the loan. At that point, the trustee can generally sell the property in a nonjudicial foreclosure and pay the lender from the proceeds.
Refers to the right to name a beneficiary in a document of title which allows the beneficiary to receive the property quickly, outside of probate. In most states, securities can be registered in TOD form. In some states, you can register vehicles in this way or create transfer-on-death deeds for real estate.
A gift made by a person who believes that he or she will soon die. Also called gift causa mortis. Recovery of health may void the gift.
To move ownership or possession of an asset (or an interest in an asset) from one party to another. The term encompasses all methods for disposing of an asset, including by gift, sale, release, lease, and so on.
Land between the high and low tides that is uncovered each day by tidal action. It belongs to the owner of the land that fronts on the sea at that point. 2) Land that is submerged below the low-tide point of the sea but is still the territory of a state or nation.
Personal property that can be felt or touched. Examples include furniture, cars, jewelry, and artwork. In contrast, cash and checking accounts are not tangible personal property. The law is unsettled as to whether computer data is tangible personal property. Compare: intangible property
An ownership interest in property that results from the hard labor a person puts into improving it. For example, Jenny gave her brother James a share of her new business in exchange for the hundreds of hours he worked to help her start it up.