Simple English definitions for legal terms
Read a random definition: vertical merger
Boston interest refers to the things that people in Boston want or benefit from. Interest means something that people desire or gain financially. It can also mean having a legal right to something, like property. There are different types of interests, such as absolute interest, which means having a right without any conditions, and contingent interest, which means having a right only if something happens first. Boston interest is just the specific interests of people in Boston.
Definition: Boston interest refers to an object of human desire, especially financial advantage or profit. It can also refer to a legal share or right in property, which includes any aggregation of rights, privileges, powers, and immunities.
Examples:
For example, a person with a beneficial interest in a trust receives income from the trust but does not hold legal title to the trust property. Another example is a controlling interest, which refers to sufficient ownership of stock in a company to control policy and management, especially a greater-than-50% ownership interest in an enterprise.