What is FREE TRANSFERABILITY OF INTEREST?

One party selling or giving its ownership to another party. No permission is needed is this is a fractional ownership. For example, a part-owner of company sell his/her portion to another entity, with no approval needed from the other owners.

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Related Legal Terms
PARTY IN INTEREST, EQUITY INTEREST, BENEFICIAL INTEREST, FREE RESERVES, PRINCIPAL, INTEREST, TAXES, AND INSURANCE (PITI), TAX DEDUCTIBLE INTEREST, CASH INTEREST, FREE COINAGE, VESTED INTEREST, UNDIVIDED INTEREST


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