undivided interest


Also found in: Dictionary, Thesaurus, Financial, Wikipedia.

undivided interest

n. title to real property held by two or more persons without specifying the interests of each party by percentage or description of a portion of the real estate. Such interests are typical between joint tenants, tenants in common, tenants by the entirety (See: real property)

References in periodicals archive ?
- A refined products pipeline and terminal system that provides product takeaway transportation services for the Phillips 66-operated Borger Refinery, consisting of 93 miles of pipeline, a 33 percent undivided interest in a 102-mile segment and a 54 percent undivided interest in a 19-mile segment of a 121-mile pipeline, a 50 percent interest in a 293-mile pipeline and 700,000 barrels of storage.
Joint TenancyIn a joint tenancy, two or more people own equal, undivided interests in the property.
8) TENANCY IN COMMON: This undivided interest in property owned in a sole name (individually) with other tenant-in-common owners passes according to specific directions in the will of the deceased or by the intestacy laws of the state if there is no will.
(NYSE: TTO) has inked a deal with Public Service Company of New Mexico for the sale of its 40-percent undivided interest in the Eastern Interconnect Project upon lease termination on April 1, 2015.
A member of a merging credit union has an undivided interest in the new consolidated credit union.
Afri-Can Marine Minerals Corporation and Deep-South Mining announced on Wednesday that Teck Cominco Namibia, a wholly owned subsidiary of Teck Resources has informed Deep-South that it has incurred the required exploration expenditures and payments and has exercised its option to earn a 70% undivided interest in the Haib copper project.
As part of the company's acquisition and diversification plan it has acquired a 100% undivided interest in Anything Brands Online Inc (ABOL) from MyFreight World Inc.
The Border Block project is the subject of a Letter of Agreement between Titan and Japan Oil, Gas and Metals National Corporation (JOGMEC) wherein JOGMEC can earn a 50% undivided interest in the project by funding Cdn $6 million in exploration over four years (see Titan press release November 12, 2008).
SAC operates on behalf of the Kingdom of Saudi Arabia, the Kingdom's 50 percent undivided interest in the petroleum resources of the onshore PNZ between the Kingdom and the State of Kuwait.
has entered into a Letter of Intent to acquire a 100% undivided interest in ICI Solutions Inc.
6 In general, each co-owner must have the rights to transfer, partition and encumber a co-owner's undivided interest in the property without the agreement or approval of any person.
However, section 1235(a) allows certain taxpayers to receive long-term capital gain treatment if "all substantial rights" or an "undivided interest" in the patent is transferred.