The Law Dictionary

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LEASEHOLD INTEREST Definition & Legal Meaning

Law dictionary entry - legal definition of embargo

Definition & Citations:

Exclusive claim or right to a time-limited-time owning and using a land parcel or other asset. Contrast to a freehold interest; it is for an undetermined period. Agreed-to by written lease. A valuable asset on its own as it can be traded or mortgaged like a physical asset.


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