Examlex
Which of the following statements about dividends in arrears is correct?
Nonpossessory Interest
In the context of real property, an interest that involves the right to use land but not the right to possess it.
Easement
A right granted to use another's property for a specific purpose, such as right of way or utility installation.
Possess
To have or hold property, assets, or rights, either legally or physically.
Profit
The financial gain achieved when the revenue gained from a business activity exceeds the expenses, costs, and taxes associated with sustaining the activity.
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