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Intangible
Something that cannot be touched or physically measured, such as intellectual property or goodwill.
Joint Tenants
A form of co-ownership where parties own property in equal shares and have the right of survivorship, meaning if one owner dies, the property automatically passes to the surviving owner(s).
Tenants in Common
A form of co-ownership where each owner holds an individual, undivided ownership interest in the property, which can be passed to their heirs.
Lot A
Typically refers to a designated plot of land, often identified in plans for development or subdivision.
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