| 释义 |
equitable estate
A right in property recognized by the Court of Chancery, as distinct from a legal estate recognized in common law courts (see estate). Equitable estates reflected legal interests but could be more flexible (compare shifting use; springing use). Before 1926, most types of estate could exist either at law or in equity; since 1925 only a limited number of legal estates can exist; all other interests in land are called equitable interests. The term equitable estate is now technically incorrect. |