Examlex
Would one expect to find higher P/E ratios in an aggressive growth fund or in growth and income fund?
Restrictive Covenant
A clause typically in an employment or real estate contract that limits what the buyer or employee can do, ensuring certain actions are refrained from.
Tenants in Common
A form of co-ownership where individuals hold undivided interests in a property without rights of survivorship, allowing different ownership shares.
Joint Tenancy
A form of property ownership in which two or more individuals hold equal rights to the entire property, and upon the death of one, the survivor(s) automatically assume the deceased's part.
Severing
The act of legally separating or dividing property rights, often in the context of joint tenancies turning them into tenancies in common.
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