life estate Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “life estate” in the English Dictionary

"life estate" in Business English

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life estatenoun [C]

uk   us   LAW, PROPERTY
the legal right to own and control a property, such as a building or piece of land, for the length of time that you are alive: The life estate deed allows the older couple to own the house for the rest of their lives.
(Definition of life estate from the Cambridge Business English Dictionary © Cambridge University Press)
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