Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Illinois land trust
See land trust.
land trust
A land-ownership arrangement by which a trustee holds both legal and equitable title to land while the beneficiary retains the power to direct the trustee, manage the property, and draw income from the trust. - Also termed Illinois land trust; naked land trust.
land trust certificate
An instrument granting the holder a share of the benefits of property ownership, while the trustee retains legal title. See land trust under TRUST.
naked land trust
See land trust.