Allodial System
Barron's Business Dictionary:
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Allodial System
Legal system that allocates full property ownership rights to individuals. The allodial system is the basis for property rights in the United States.
| Allodial, Allocation of Resources, Allocation | |
| Allowance, Allowed Time, Alpha |
Barron's Real Estate Dictionary:
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Allodial System
A legal system that allocates full property ownership rights to individuals. The allodial system is the basis for property rights in the United States.
Example: Under the allodial system, an individual may obtain fee simple ownership of a parcel of real estate. This allows the individual to enjoy the full set of rights entailed in property ownership, subject to restriction only by governmental powers of taxation, police power , and eminent domain.
Example: Under the allodial system, an individual may obtain fee simple ownership of a parcel of real estate. This allows the individual to enjoy the full set of rights entailed in property ownership, subject to restriction only by governmental powers of taxation, police power , and eminent domain.
| Alley, Alienation | |
| Allowance, Alluvium (or alluvion) |
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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