Business, Legal & Accounting Glossary
Owned by one entity but subject to another’s valid claim.
You may feel that you are encumbered by certain terms but will just have to continue on any way you can.
The stuff was owned, but it was encumbered, so it was subject to another person’s valid claim, which was interesting to me.
My wife tried to sell off her father’s old farm, but learned she could not because there was a mechanic’s lien that encumbered the entire property and had to be paid.
tract index
clear title
partial reconveyance
encumbered security
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Encumbered are sourced/syndicated and enhanced from:
This glossary post was last updated: 30th October, 2021 | 0 Views.