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Bailments
The giving of possession of goods or property by one individual (the bailor) to another (the bailee) for a specific purpose, with the agreement that the goods will be returned.
Fee Simple
The most complete form of property ownership, giving the owner absolute control over the land and the right to use it indefinitely.
Estates
A legal term referring to a person's property, assets, and liabilities at the time of their death.
Vested Remainder
A future interest in property that is certain to occur, either after a stated period passes or upon the occurrence of a specified event.
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