partition

partition definition - business

partition

  1. In law, a court-ordered separation of an estate into proportional interests of the tenants.
  2. A division of commonly owned real property among co-owners.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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