- The nature of ownership of a thing objectively and lawfully appropriated by a person to his own use in exclusion of all others. Griffith v Charlotte, C & A R Co., 23 SC 25. In the law of insurance, an absolute interest in property is one which is so completely vested in the individual that there could be no danger of his being deprived of it without his own consent. Columbia Water Power Co. v Columbia Electric Street Railway, Light & Power Co., 172 US 475, 491, 43 L Ed 520, 527, 19 S Ct 247. See absolute estate; limited interest.
Ballentine's law dictionary. Anderson, W.S.. 1998.
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Absolute Interest — Total and complete ownership of an asset or property. An individual with an absolute interest has both a legal and beneficial possession of said asset or property. The term absolute interest indicates that the owner s interest is not diluted by… … Investment dictionary
absolute interest in realty — index fee (estate) Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
interest — The most general term that can be employed to denote a right, claim, title, or legal share in something. In its application to real estate or things real, it is frequently used in connection with the terms estate, right, and title. More… … Black's law dictionary
absolute — Complete; perfect; final; without any condition or incumbrance; as an absolute bond (simplex obligatio) in distinction from a conditional bond. Unconditional; complete and perfect in itself; without relation to or dependence on other things or… … Black's law dictionary
interest — Synonyms and related words: absolute interest, absorb, absorption, accent, accrued dividends, accumulated dividends, acquisitiveness, activities, activity, advantage, advocacy, aegis, affair, affairs, affect, affect the interest, agacerie,… … Moby Thesaurus
absolute — Free; unconditional; unrestricted; not dependent upon or appurtenant to something else. Anno: 36 ALR2d 151 (absolute gift to spouse.) The most ordinary signification of the adjective absolute is unrestricted or unconditional. Thus, an absolute… … Ballentine's law dictionary
interest — A right in, or share of, something. Concern. The compensation allowed by law, or fixed by the parties, for the use, detention, or forbearance of money or its equivalent. 30 Am J Rev ed Int § 2. Compensation payable on a contractual basis or… … Ballentine's law dictionary
interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim … Law dictionary
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