BUNDLE-OF-RIGHTS THEORY
\bˈʌndə͡lɒvɹˈa͡ɪts θˈi͡əɹi], \bˈʌndəlɒvɹˈaɪts θˈiəɹi], \b_ˈʌ_n_d_əl_ɒ_v_ɹ_ˈaɪ_t_s θ_ˈiə_ɹ_i]\
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The concept that compares property ownership to a bundle of sticks with each stick representing a distinct and separate right of the property owner, e.g., the right to use real estate, to sell it, to lease it, to give it away, or to choose to exercise all or none of these rights.
By Henry Campbell Black
Word of the day
dust storm
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Nearby Words
- bundle of rights
- bundle of vicq d'azyr
- bundle off
- bundle sheath
- bundle up
- BUNDLE-OF-RIGHTS THEORY
- bundle-pillar
- bundle-sheath
- bundled
- bundled pricing
- bundled-up