ostensible ownership

Definition of "ostensible ownership"
  1. The property's perceived ownership that may not be the true ownership, which can be acknowledged in situations when an innocent third party buys the property
How to use "ostensible ownership" in a sentence
  1. Despite the papers proving her claim, she only had ostensible ownership and had to give up the property once the real owner came forward.
  2. Through ostensible ownership, he was able to deceive the investors about the actual condition of his assets.
  3. In the event of a purchase, ostensible ownership can create complications if the actual owner emerges later.

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