incidents of ownership

Definition of "incidents of ownership"
  1. A situation where a person has control over a property, but does not legally own it, such as retaining the right to income from a gifted property
How to use "incidents of ownership" in a sentence
  1. Despite gifting the house to his son, his claim on the rental income showed he still had incidents of ownership.
  2. The rent from the apartment building she donated to the charity were incidents of ownership she retained.
  3. He gifted the family business, but by authorizing himself dividends, he held onto incidents of ownership.

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