restraint on alienation

restraint on alienation definition - business

restraint on alienation

Provision in a deed or will that restricts the ability to transfer ownership of real property. For example, a will might include a restraint on alienation that prohibits property left to a beneficiary from ever being sold or transferred to a specified son or any of the son's descendants.

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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