Examlex
The balance sheet equation tells us that assets - liabilities = net profit.
Reversion
A return to a previous state or condition.
Vested Remainder
A future interest in property that is certain to occur, provided the current estate terminates, and is not subject to any conditions precedent.
Possibility of Reverter
A future interest in real estate, reverting back to the original owner or their heirs if certain conditions are met or not maintained.
Tenancy by the Entireties
A form of joint property ownership exclusive to married couples, offering protections against creditors and automatic survivorship rights.
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