Inurement
/ɪˈnjʊərmənt/
Definitions
- (n.) Benefit or advantage gained by a private individual from property held in a trust or organization.
The nonprofit's mistake caused inurement to a private individual, violating tax law.
- (n.) The process by which tenants improve leased land, gaining rights or benefits.
The tenant claimed inurement by adding lasting structures to the farmland.
Forms
- inurement
Related terms
See also
Commentary
Inurement typically arises in tax and trust law contexts, often scrutinized in nonprofit regulations to prevent private benefit.
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.