OWNERSHIP

The complete dominion, title, or proprietary right in a thing or claim. See .

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Categories: O

OWNERSHIP IN COMMON

A right of ownership shared by multiple entities. Upon the death of one owner, his or her right passes to an heir or successor (not necessarily the other owners).

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Categories: O

OWNERSHIP OF EXPIRATIONS

An insurance agreement that states some information will only be shared between the policy holder and the agent who brokered the policy.

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Categories: O

OWNERSHIP PROVISION

A provision within insurances policies that allows a policy to be owned by someone other than the person insured.

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Categories: O

OXFIED

A restitution anciently made by a hundred or county for any wrong done by one that was within the same. Lamb. Arch. 125.

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Categories: O

OXGANG

In old English law. As much land as an ox could till. Co. Litt. 5a. A measure of land of uncertain quantity. In Scotland, It consisted of thirteen acres. Spel- man.

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Categories: O

OWNER OCCUPANT

A property owner who resides within his or her own property.

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Categories: O

OXIDATION

The addition of oxygen or the removal of hydrogen during a chemical reaction. Opposite of REDUCTION.

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Categories: O

OWNER OF RECORD

The person who is the holder of particular property in public records.

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Categories: O