Examlex
A ledger account contains a complete record of the individual transaction activity in each account.
Community Property
A form of concurrent property ownership in which each spouse owns an undivided one-half interest in property acquired during the marriage.
Undivided Interest
A share in property ownership rights where each owner's portion is not physically divided from the others.
Fixed-Term Tenancy
A legal agreement in which a property is leased for a specific period of time.
Express Contract
A legally binding agreement where the terms are clearly stated either verbally or in writing by the parties involved.
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