Simple English definitions for legal terms
Read a random definition: convertible arbitrage
Present use refers to the current and ongoing application or employment of something, especially a possession that has been used for a long time for its intended purpose. It is different from temporary or occasional use. For example, if a building is being used as a dance club for a long time, it is considered a present use of the building.
Other types of uses include:
Overall, present use refers to the current and ongoing application of something, especially a possession that has been used for a long time for its intended purpose.