legal interest
Enforceable property right
Legal interest is a right, claim, or stake in property or an outcome that the law recognizes and will protect.
In property law, it means ownership or a right to use, possess, or benefit from something: She has a legal interest in the estate.
In litigation, having a legal interest means you're sufficiently affected by the outcome to have standing in court.
The term also refers to the maximum interest rate permitted by law on loans or debts.
- usuryExtortionate money lending
- lienClaim securing debt
- mortgage lienCreditor's claim on real estate
- rightsJustified claims to freedoms
- equityImpartial treatment or ownership value
statute · joint tenancy · property rights · easement · encumbrance · fiduciary duty · loan · life estate · damages · litigation · plaintiff · defendant · secured loans · property law · real property · promissory notes · remainder · estate planning
legal, interest, leg, legally, legality, illegal, illegally, legalize, legalization