Legal Ownership

Alienation
In real property law, alienation refers to the voluntary transfer of title and possession of real property to another person. This concept is an essential aspect of fee-simple ownership, ensuring the owner's right to dispose of their property, while generally prohibiting unreasonable restraints on alienation.
Negotiability
The ability of a document to change hands, entitling its owner to some benefit, such that legal ownership of the benefit passes by delivery or endorsement of the document.
Owner of Record
The term 'Owner of Record' refers to the person(s) or entity that is officially recognized as the owner of a property based on public records.
Register of Members (Share Register)
The Register of Members, also known as a Share Register, is a mandatory list maintained by UK companies. It logs the company's members, providing essential details including their names, addresses, and shareholding status.
Seisin
Seisin refers to the legal possession of a property by an individual who asserts ownership, typically in the form of a fee simple estate, life estate, or other saleable interest.

Accounting Terms Lexicon

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