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LSDefine

Simple English definitions for legal terms

purchase, words of

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A quick definition of purchase, words of:

Words of purchase refer to the language used in a legal document, such as a deed or will, that specifies who will receive the property being transferred. For example, if a deed says "to A for life with a remainder to her heirs," it means that A has a right to use the property during her lifetime, and after she dies, the property will go to her heirs. These words are important because they determine who has legal ownership of the property.

A more thorough explanation:

Definition: Words of purchase refer to the language used in a legal document, such as a deed or will, that specifies who will receive the property or assets being transferred. For example, if a deed states "to A for life with a remainder to her heirs," it means that A has a life estate in the property and after her death, the property will pass to her heirs.

Examples:

  • A father writes a will leaving his house "to my daughter, Sarah, and her heirs." This is an example of words of purchase because it specifies who will receive the property (Sarah and her heirs).
  • A couple purchases a piece of land and the deed states "to John and Jane as joint tenants with right of survivorship." This is an example of words of purchase because it specifies who will own the property (John and Jane) and how they will own it (as joint tenants with right of survivorship).

These examples illustrate how words of purchase are used to clearly identify who will receive the property or assets being transferred in a legal document. This language is important because it helps prevent confusion or disputes over ownership rights.

purchase | purchase accounting method

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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