Simple English definitions for legal terms
Read a random definition: LTV ratio
Term: RES DERELICTA
Definition: Res derelicta means something that has been abandoned by its owner and left behind. It is now considered as abandoned property.
RES DERELICTA
Res derelicta is a Latin term that refers to abandoned property, which has been thrown away or forsaken by its owner.
These examples illustrate the concept of res derelicta because they are all items that have been abandoned by their owners and left to deteriorate. Once property is considered abandoned, it is no longer under the ownership of the original owner and can be claimed by someone else.