LSDefine
Simple English definitions for legal terms
A quick definition of in communi:
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A more thorough explanation:
- Term:
- IN COMMUNI
- Definition:
- in communi (pronounced as "in kuh-MYOO-nee") is a Latin term used in law to mean "in common."
- Examples:
- - The two siblings inherited the property in communi, which means they both have equal rights to use and enjoy it.
- The shareholders of the company own the assets in communi, which means they share the profits and losses equally. - Explanation:
- The term in communi is used to describe a situation where two or more people share something equally. This could be a property, asset, or any other thing that can be owned or used jointly. The examples illustrate how the term is used in different contexts. In the first example, the siblings inherited the property in equal shares, which means they both have the right to use and enjoy it. In the second example, the shareholders of the company own the assets in common, which means they share the profits and losses equally.
in common
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incommunicado