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Term of the Day: Encumbrance
: a claim (as a lien) against property
: an interest or right (as an easement or a lease) in real property that may diminish the value of the estate but does not prevent the conveyance of the estate [that these premises are free from all s]
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.
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