Fractional Interest
/ˈfrækʃənəl ˈɪntrɪst/
Definitions
- (n.) A partial ownership interest in a property or asset, entitling the holder to a proportionate share of rights, benefits, and obligations.
She acquired a fractional interest in the commercial building, giving her a share of rental income.
Forms
- fractional interests
Related terms
See also
Commentary
Commonly used in real estate and securities law to describe undivided partial ownership; clarity in documents is crucial to specify rights and restrictions attached to the fractional interest.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.