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Simple English definitions for legal terms
full right
Read a random definition: equity term
A quick definition of full right:
Full right means having both legal ownership and physical possession of something. It's like having the key to a toy box and being allowed to play with all the toys inside. When you have full right, you have the power to use and enjoy what belongs to you without anyone else interfering.
A more thorough explanation:
Definition: Full right refers to the combination of having legal ownership of a property or asset and also having physical possession or control over it.
Example 1: John purchased a car and received the title to the vehicle. He also took possession of the car and has been driving it regularly. John has full right to the car because he legally owns it and has physical control over it.
Example 2: Sarah inherited a house from her grandmother. She received the deed to the property and also moved into the house to live in it. Sarah has full right to the house because she has legal ownership and physical possession of it.
The examples illustrate that full right means having both legal ownership and physical possession of a property or asset. This combination of rights provides the owner with complete control over the property and the ability to use it as they see fit.