The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

LEGAL OWNER Definition & Legal Meaning

Definition & Citations:

Entity with an asset’s or property’s enforceable claim or title. Lawfully recognized. For example, a person or company owning a property will be a lender with legal ownership who can lease or mortgage the property as collateral for loan payment. A borrower, renter, lessee retains only the right of redemption in it as its legal possessor.

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