Simple English definitions for legal terms
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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.
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:
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.