fee simple

1. An estate in land of which the inheritor has unqualified ownership and power of disposition.
2. Private ownership of real estate in which the owner has the right to control, use, and transfer the property at will.

A type of property ownership in which the grant of Title or duration of ownership is dependent on a specified condition.
Example: A fee simple defeasible may be granted on the condition that the property be used for an orphanage home (termed "fee simple subject to a condition subsequent").
Example: A fee simple defeasible may be granted as long as the property is held as a wildlife refuge (termed "fee simple determinable").

An inheritable, possessory interest in land which may endure until the death of all lineal and collateral heirs of the first owner and which may be freely conveyed by its owner.

The greatest possible estate in land, wherein the owner has the right to use it, exclusively possess it, commit waste upon it, dispose of it by deed or will, and take its fruits. A fee simple represents absolute ownership of land, and therefore the owner may do whatever he or she chooses with the land. If an owner of a fee simple dies intestate, the land will descend to the heirs.

The term fee used independently is an adequate designation of this type of estate in land. The term simple is added to distinguish clearly this estate from other interests in real property.

The noun has one meaning:

Meaning #1: a fee without limitation to any class of heirs; the can sell it or give it away