March 19, 2018
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That portion of a person’s wealth not consumed immediately, but rather allowed to accumulate, sometimes in the form of real wealth, but most often in the form of various types of claims on wealth.
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- Glossary: ALLODIUMLand held absolutely in one’s own right, and not of any lord or superior; land not subject to feudal duties or burdens.
- Glossary: ALLODIUMn estate held by absolute ownership, without recognizing any superior to whom any duty is due on account thereof.
- Glossary: ASSIGNMENTIn Contracts. A transfer or making over to another of the whole of any property, real or personal, in possession or in action, or of any estate or right therein. Every demand connected with a right of property, real or personal, is assignable
- Glossary: BENEFICIAL INTERESTProfit, benefit, or advantage resulting from a contract, or the ownership of an estate as distinct from the legal ownership or control.
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