Examlex
Arbitrage is the simultaneous buying of securities in one market and selling them in another to make a profit from price differences in the two markets.
Fee Simple
A legal term referring to the most comprehensive ownership in real estate, which gives the holder full possessory rights and obligations indefinitely.
Crown Patent
A legal document issued by a sovereign government granting rights or land to an individual or entity, historically used to transfer public lands into private ownership.
Possessory Nuisance
A situation where a person’s use or possession of property negatively impacts a neighbor's right to enjoy their property.
Cottage Lot
A parcel of land designated for the purpose of building a cottage or vacation home.
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