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overriding interest

noun

Definitions of overriding interest

  • an interest in property that does not have to be registered and which takes priority over another (registered) interest. In general, all interests in property must be registered. However, in some jurisdictions overriding interests are an exception, and do not have to be registered.

    "No compensation is payable if the register is altered to give effect to an overriding interest since the purchaser has suffered no loss."

Phrase Bank for overriding interest

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