What is ESTATE BY STATUTE MERCHANT?

All estate whereby the creditor, under the custom of London, retained the possession ofall his debtor’s lands until his debts were paid. 1 Greenl. Cruise, Dig. 515. See STATUTEMERCHANT.

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Related Legal Terms
FREEHOLD ESTATE, ESTATE FOR YEARS, ESTATE IN DOWER, NET ESTATE, ESTATE IN SEVERALTY, ESTATE AT WILL, MERCHANT APPRAISERS, ESTATE IN REVERSION, ESTATE IN FEE-SIMPLE, BENEFICIAL ESTATE


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