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

HELD IN TRUST

A term used to describe property held by a person who is not the owner but who is a trustee or an agent. TLD Example: The parties to the contract agreed to

POSSESSION DERIVATIVE

the occupying of a property not by ownership but with the arrangement and the consent of the owner.

CO-DEFENDANT

This term applies to a person who has joined with other people in defending a legal action.

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