An absolute interest in an asset or property gives the owner full entitlement to the benefits and privileges that accrue from such ownership. It is the opposite of a contingent interest, which confers an ownership interest only upon the fulfillment of certain conditions or the occurrence of specific circumstances.
Investment dictionary. Academic. 2012.
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absolute interest — The nature of ownership of a thing objectively and lawfully appropriated by a person to his own use in exclusion of all others. Griffith v Charlotte, C & A R Co., 23 SC 25. In the law of insurance, an absolute interest in property is one which is … Ballentine's law dictionary
absolute interest in realty — index fee (estate) Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
interest — The most general term that can be employed to denote a right, claim, title, or legal share in something. In its application to real estate or things real, it is frequently used in connection with the terms estate, right, and title. More… … Black's law dictionary
absolute — Complete; perfect; final; without any condition or incumbrance; as an absolute bond (simplex obligatio) in distinction from a conditional bond. Unconditional; complete and perfect in itself; without relation to or dependence on other things or… … Black's law dictionary
interest — Synonyms and related words: absolute interest, absorb, absorption, accent, accrued dividends, accumulated dividends, acquisitiveness, activities, activity, advantage, advocacy, aegis, affair, affairs, affect, affect the interest, agacerie,… … Moby Thesaurus
absolute — Free; unconditional; unrestricted; not dependent upon or appurtenant to something else. Anno: 36 ALR2d 151 (absolute gift to spouse.) The most ordinary signification of the adjective absolute is unrestricted or unconditional. Thus, an absolute… … Ballentine's law dictionary
interest — A right in, or share of, something. Concern. The compensation allowed by law, or fixed by the parties, for the use, detention, or forbearance of money or its equivalent. 30 Am J Rev ed Int § 2. Compensation payable on a contractual basis or… … Ballentine's law dictionary
interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim … Law dictionary
Absolute molar mass — is a process to determine the characteristics of molecules. TOC History The first absolute measurements (i.e. made without reference to standards) were based on fundamental physical characteristics and their relation to the molar mass. The most… … Wikipedia
Absolute phase — refers to the phase of a waveform relative to some standard (strictly speaking, phase is always relative). To the extent that this standard is accepted by all parties, one can speak of an absolute phase in a particular field of application.High… … Wikipedia