equitable interest

equitable interest
An interest in, or ownership of, property that is recognized by equity but not by the common law A beneficiary under a trust has an equitable interest. Any disposal of an equitable interest (e. g. a sale) must be in writing. Some equitable interests in land must be registered or they will be lost if the legal title to the land is sold. Similarly, equitable interests in other property will be lost if the legal title is sold to a bona fide purchaser for value who has no notice of the equitable interest. In such circumstances the owner of the equitable interest may claim damages from the person who sold the legal title.

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  • equitable interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. equitable interest …   Law dictionary

  • Equitable interest — An equitable interest is an interest held by virtue of an equitable title (a title that indicates a beneficial interest in property and that gives the holder the right to acquire formal legal title) or claimed on equitable grounds, such as the… …   Wikipedia

  • equitable interest — The interest of a beneficiary under a trust is considered equitable as contrasted with the interest of the trustee which is a legal interest because the trustee has legal as contrasted with equitable title. Restatement, Second, Trusts, No. 2f.… …   Black's law dictionary

  • equitable interest — The interest of a beneficiary under a trust is considered equitable as contrasted with the interest of the trustee which is a legal interest because the trustee has legal as contrasted with equitable title. Restatement, Second, Trusts, No. 2f.… …   Black's law dictionary

  • equitable interest — See equitable right; equitable title …   Ballentine's law dictionary

  • equitable interest — /ˈɛkwətəbəl ɪntrəst/ (say ekwuhtuhbuhl intruhst) noun Finance the interest in a property which derives from the legal or nominal interest of the trustee. Compare beneficial interest …  

  • equitable interest — noun : an interest in or with respect to property of the sort recognized by a court of equity (as an interest arising because of fraud) …   Useful english dictionary

  • interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim …   Law dictionary

  • equitable — eq·ui·ta·ble / e kwi tə bəl/ adj 1: having or exhibiting equity: dealing fairly and equally shall allocate...appropriations in an equitable manner U.S. Code 2: existing or valid in equity or as a matter of equity as distinguished from law an… …   Law dictionary

  • interest — The most general term that can be employed to denote a right, claim, title, or legal share in something. In its application to real estate or things real, it is frequently used in connection with the terms estate, right, and title. More… …   Black's law dictionary

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