19:12
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Simple English definitions for legal terms
alod
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A quick definition of alod:
Term: ALOD
Definition: Alod is another word for allodium, which means an estate that is owned completely and without any obligations to a feudal lord. This means that the owner has full ownership of the land and is not required to provide any services or payments to anyone else. In simpler terms, it means owning land without any strings attached.
A more thorough explanation:
Definition: An estate held in fee simple absolute.
Explanation: Alod is a type of land ownership where the owner has full ownership of the land without any feudal services or incidents.
Example: In the United States, owning a house or a piece of land without any mortgage or lien is an example of alod ownership.
Illustration: For instance, if John owns a house without any mortgage or lien, he has full ownership of the property. He can use the property as he wishes, sell it, or pass it on to his heirs without any restrictions. This type of ownership is called alod ownership.