Inchoate


Inchoate
A state of activity or entitlement that is characterized by partial completion of an intended outcome or status.

The notion of inchoate comes into play most often in a legal sense, as it could refer to an inchoate transaction between two parties, where the tentative terms of an agreement have been discussed and it's plausible that the deal will go through, but no formal agreement has yet been signed.

The notion of inchoate rights or actions is an important distinction to make in certain situations. For example, an individual may have inchoate title to real estate owned by his or her parents, meaning that he or she will have clear title to the property once the parents pass away.

When applying for a bank loan, it would be critical for the bank manager to understand that the individual only had inchoate title to the property, not full title. Thus, if the bank manager issued a loan to the individual under the unclarified assumption that the bank could foreclose on the properties if the loan went into default, he or she would be in for an unpleasant surprise. This is because the individual would not actually have clear title to the properties, so the bank would have no claim against them.


Investment dictionary. . 2012.

Synonyms:

Look at other dictionaries:

  • inchoate — in·cho·ate /in kō ət, iŋ kō ˌāt/ adj 1 a: not yet made complete, certain, or specific: not perfected see also inchoate lien at lien b: not yet transformed into actual use or possession until an emplo …   Law dictionary

  • inchoate — means ‘undeveloped’ or ‘just begun’ and is derived from the Latin word choare ‘to begin’: • It was obviously necessary that we should continue our still inchoate discussion over a drink D. M. Davin, 1975 • She is not allowed to express her real,… …   Modern English usage

  • Inchoate — In cho*ate, a. [L. inchoatus, better incohatus, p. p. of incohare to begin.] Recently, or just, begun; beginning; partially but not fully in existence or operation; existing in its elements; incomplete. {In cho*ate*ly}, adv. [1913 Webster]… …   The Collaborative International Dictionary of English

  • Inchoate — In cho*ate, v. t. To begin. [Obs.] Dr. H. More. [1913 Webster] …   The Collaborative International Dictionary of English

  • inchoate — (adj.) 1530s, from L. inchoatus, pp. of inchoare, alteration of incohare to begin, originally to hitch up, from in on (see IN (Cf. in ) (2)) + cohum strap fastened to the oxen s yoke. Related: Inchoative …   Etymology dictionary

  • inchoate — [adj] undeveloped, beginning amorphous, elementary, embryonic, formless, immature, imperfect, inceptive, incipient, just begun, nascent, preliminary, rudimentary, shapeless, unfinished, unformed, unshaped; concepts 485,578,797 Ant. developed,… …   New thesaurus

  • inchoate — ► ADJECTIVE 1) not fully formed or developed; rudimentary. 2) confused or incoherent. DERIVATIVES inchoately adverb. ORIGIN from Latin inchoare, variant of incohare begin …   English terms dictionary

  • inchoate — [in kō′it, in kō′āt΄] adj. [L inchoatus, incohatus, pp. of inchoare, incohare, to begin, orig. rural term “hitch up, harness” < in , in + cohum, the strap from plow beam to yoke < IE base * kagh , to hold, enclose > HEDGE] 1. just begun; …   English World dictionary

  • inchoate — [[t]ɪnko͟ʊɪt[/t]] ADJ If something is inchoate, it is recent or new, and vague or not yet properly developed. [FORMAL] His dreams were senseless and inchoate. ...the inchoate mood of dissatisfaction with all politicians. Syn: incoherent …   English dictionary

  • inchoate —    Probably because of the similarity in spelling to chaotic and in pronunciation to incoherent, people sometimes take the word to mean disorderly or disorganized. In fact it means incipient, undeveloped, just starting. An inchoate enterprise is… …   Dictionary of troublesome word


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