Glossary of real estate terms used on this site
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| Term | Definition |
|---|---|
| Allodial system |
Ownership of land with the owner having full and absolute dominion over the property. This system is the basis for our property rights in the United States. A contrasting system is the feudal system, which gives owners hip to a king or sovereign who gives rights to the citizenry to occupy the land for a period of time. |
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