The period of time which an asset is held, usually in tax law such as for ascertaining whether an event is long or short term for tax treatment. … [Read more...]

A measure of a capacity containing the fourth part of a tun, or sixty-three gallons. Cowell. A large cask, of indefinite contents, but usually containing from one hundred to one hundred and forty gallons. Webster. … [Read more...]

The act of holding over by a tenant, a tenant who stays on property after a lease expires and who does not pay rent. … [Read more...]

These words are now used in a deed to express by what tenure the grantee is to have the land. The clause which commences with these words is called the tenendum. Vide Habendum; Tenendum. 2. To hold, also means to decide, to adjudge, to decree; as, the court in that case held that the husband was not liable for the contract of the wife, made without his express or implied … [Read more...]

A tenant who stays in possession of property after termination of a lease. … [Read more...]