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LSDefine

Simple English definitions for legal terms

incumbrance

Read a random definition: trust certificate

A quick definition of incumbrance:

Incumbrance: This is another word for encumbrance. It means something that limits or restricts the use or transfer of property. For example, if you have a mortgage on your house, that is an incumbrance because it means you can't sell the house without paying off the mortgage first. Other examples of incumbrances include liens, easements, and restrictions on land use.

A more thorough explanation:

Definition: An incumbrance is a legal claim or liability on a property that limits the owner's ability to sell or transfer it. It can be a mortgage, a lien, a tax, or any other type of debt or obligation.

Example: If you buy a house with a mortgage, the bank has an incumbrance on the property until you pay off the loan. This means that you cannot sell the house without paying off the mortgage first.

Explanation: The example illustrates how an incumbrance can limit the owner's ability to sell or transfer the property. In this case, the mortgage is a legal claim on the property that gives the bank the right to foreclose on it if the owner defaults on the loan. Until the mortgage is paid off, the owner cannot sell the property without the bank's consent.

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JumpySubsequentDolphin
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<3
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jackfrost11770
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10:54
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@Mostlylegal: same but i’m brown so i just get browner
jackfrost11770
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10:55
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10:55
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cumsock
10:56
who tf be searching be on linkedin
cumsock
10:57
me*
lilypadfrog
10:58
me
I do, you are cute in the profile pic
lilypadfrog
10:58
im looking up cumsock on linkedin
PuppyBot
10:59
guys manifest my period
PuppyBot
10:59
ive been getting cramps the past few days but no blood so i think its coming soon
lilypadfrog
10:59
I thought our cycles were synced u should having urs any day now
lilypadfrog
10:59
have
10:59
ok manifesting for u lol
PuppyBot
11:00
ok epic. thank you jae. i cannot risk pregnancy.
GreyCeaselessMammoth
11:00
another wednesday and no mich
lilypadfrog
11:00
same
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