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term:
Partition
partition n
: the severance voluntarily or by legal proceedings of common or undivided interests in property and esp. real property
: division into severalty of property held jointly or in common or the sale of such property by a court with division of the proceeds
partition vt
Source: Merriam-Webster’s Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.