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Term of the Day
waste
washing
waste line
Definition
An improper use or an abuse of a
property
by a possessor who holds less than
fee
ownership
, such as a
tenant
,
life tenant
,
mortgagor
, or
vendee
. Such waste ordinarily impairs the
value
of the
land
or the
interest
of the
person
holding the
title
or the
reversionary rights
.
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Nearby Terms
wash
wash sale
wash sale rule
wash trade
washing
waste
waste line
wasteland
wasting asset
wasting trust
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Popular 'Lending & Credit' Terms
equity
triple net lease
leverage
interest rate
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security
accounts receivable
quick ratio
financial leverage
accounts payable
Mentioned in these terms
waste line
wasteland
permissive waste
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