UNDIVIDED INTEREST Meaning and
Definition
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Undivided interest refers to an ownership or legal claim in a property, asset, or entity that is shared by multiple parties without being divided into separate portions. It implies that the ownership interest is not fractioned or subdivided among the co-owners, instead, they collectively own the whole property or asset. This term commonly arises in the context of real estate or business partnerships.
In real estate, undivided interest typically arises in scenarios such as joint tenancy or tenancy in common. In joint tenancy, each owner’s undivided interest gives them joint ownership and equal right to the entire property. This means that no specific portion or section of the property is individually owned, but rather, the whole property is shared collectively.
In business partnerships, undivided interest may denote that each partner owns an equal share of the partnership without their interests being demarcated or partitioned. This means that all partners collectively hold the entire interest in the partnership and have an equal say in its management, without their shares being divided into distinct parts.
Undivided interest can also extend to other assets like stocks, bonds, or intellectual properties, where multiple individuals possess a collective ownership stake without any physical division of the asset. It implies that the co-owners jointly and undividedly hold the entire interest or right to the specific asset.
Common Misspellings for UNDIVIDED INTEREST
- yndivided interest
- hndivided interest
- jndivided interest
- individed interest
- 8ndivided interest
- 7ndivided interest
- ubdivided interest
- umdivided interest
- ujdivided interest
- uhdivided interest
- unsivided interest
- unxivided interest
- uncivided interest
- unfivided interest
- unrivided interest
- uneivided interest
- unduvided interest
- undjvided interest
- undkvided interest
Etymology of UNDIVIDED INTEREST
The term "undivided interest" consists of two words: "undivided" and "interest". Here is a breakdown of the etymology of each word:
1. Undivided:
The word "undivided" originated from the Latin word "undivisus", which is the past participle of "undividere". "Undivisus" is a combination of "un-" (meaning "not") and "dividere" (meaning "to divide"). "undivided" entered the English language in the mid-15th century, meaning "not separated, whole, complete, or united".
2. Interest:
The word "interest" also has Latin origins. It comes from the Latin word "interesse", which means "to be important, to make a difference". In medieval Latin, "interesse" developed the meaning of "compensation or recompense".
Similar spelling word for UNDIVIDED INTEREST
