Examlex
Depreciation is a means of cost allocation, not a matter of valuation.
Equitable Title
A right to receive legal title to property upon fulfilling specific conditions, often related to contracts or trusts.
Beneficiary
An individual or entity entitled to benefits or assets under a legal instrument or arrangement, such as a trust or will.
Legal Title
Refers to the formal right of ownership over property, recognized and protected by law.
Intestacy Laws
State statutes that specify how property will be distributed when a person dies intestate.
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