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TERMINABLE PROPERTY. This

Categories: Property

Definition (1910 Edition)

name is sometimes given to property of such a nature that its duration is not perpetual or indefinite, but is limited or Iiable to terminate upon the happening of an event or the expiration of a fixed term; c. g., a leasehold, a life-annuity, ete.
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.