FREEHOLD Definition

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FREEHOLD is a. an interest in land the duration of which is restricted to the life or lives of a particular person or persons holding it, or b. an interest in property that is unconditional and represents the broadest ownership interest recognized by law.

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VALUATION is the act or process of determining the value of a business, business ownership interest, security, or intangible asset.

PERMANENT ACCOUNTS see REAL ACCOUNTS.

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