Appurtenance


Appurtenance
1. A legal term denoting the attachment of a right or property to a more worthy principal. Appurtenance occurs when the attachment becomes part of the property such as a furnace or air conditioning unit.

2. An object or privilege associated with status, title or affluence.

1 For legal transactions, appurtenances grant the ownership of certain items to a person who obtains a primary property. For example, once a tennant installs a new water tank into the appartment, they usually can not remove the appurtenance because it is now part of the property.

2 People may make references to the appurtenances of wealth or celebrity. These often include sports cars, large estates and designer clothing.


Investment dictionary. . 2012.


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