Examlex
Like final consumers, organizations make purchases to satisfy specific needs, but their basic need is for goods and services that will help them satisfy their own customers or clients.
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.
Conveyed
The act of transferring ownership or interest in property from one person to another through legal means.
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