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Simple English definitions for legal terms
peculium adventitium
Read a random definition: North Eastern Reporter
A quick definition of peculium adventitium:
Term: PECULIUM ADVENTITIUM
Definition: Peculium adventitium is a type of property that is acquired by chance or luck, rather than through work or inheritance. It is also known as adventitious property.
Adventitious property refers to things that are acquired unexpectedly, such as winning the lottery or finding a valuable item. This type of property is different from property that is earned through hard work or inherited from family members.
A more thorough explanation:
Definition: Peculium adventitium is a legal term that refers to property acquired by an individual through inheritance, gift, or other means that are not related to their work or labor. It is also known as adventitious property.
Example: If a person inherits a house from their grandparents, that house would be considered peculium adventitium. Similarly, if someone receives a large sum of money as a gift from a relative, that money would also be considered adventitious property.
These examples illustrate how peculium adventitium refers to property that is acquired through means other than one's own work or labor. In other words, it is property that is received as a gift or inheritance rather than earned through employment or business ventures.