How Do You Spell NONDEMISE?
Pronunciation: [nˌɒndɪmˈa͡ɪz] (IPA) 
Correct spelling for the English word "nondemise" is [nˌɒndɪmˈa͡ɪz], [nˌɒndɪmˈaɪz], [n_ˌɒ_n_d_ɪ_m_ˈaɪ_z] (IPA phonetic alphabet).
Pronunciation: [nˌɒndɪmˈa͡ɪz] (IPA)
Correct spelling for the English word "nondemise" is [nˌɒndɪmˈa͡ɪz], [nˌɒndɪmˈaɪz], [n_ˌɒ_n_d_ɪ_m_ˈaɪ_z] (IPA phonetic alphabet).
Nondemise refers to the act or concept of not transferring or leasing out property or assets. It is derived from the combination of the prefix "non-" meaning not or without, and the term "demise" which commonly refers to the transferring or leasing of property. As a result, nondemise becomes the opposite of demise, indicating the absence or avoidance of such transfer or lease agreements.
The term is particularly relevant in legal and real estate contexts, where it represents the state of a property or asset that remains with its current owner or holder, without being assigned or relinquished to another party. Nondemise can also refer to the condition of a property or asset being retained by an individual or organization through its uninterrupted possession or control.
In other words, nondemise denotes the absence of any formal arrangement or agreement that would divest ownership or control of a property or asset from its current possessor. It implies that the rights and responsibilities associated with the property or asset continue to be solely retained by the existing owner or holder, without passing them on to another party through a lease or transfer.
The term "nondemise" is primarily used in legal and real estate literature, discussions, and contracts to describe the situation where no conveyance or lease of a property or asset takes place, thereby preserving its current ownership and control.
The word nondemise is a combination of the prefix non- and the word demise.
The prefix non- is derived from the Latin word non, meaning not. It is commonly used in English to indicate negation, absence, or lack of something.
The word demise has its roots in Old French and Latin. In Old French, it was spelled demettre and meant to dismiss or to send away. This word was derived from the Latin term demissus, which carried a similar meaning of to let go or to send down.
When these two elements are combined, nondemise is formed, and it suggests not dismissing or not letting go.
