Legal owner

Legal owner,

Definition of Legal owner:

  1. Entity that has an enforceable claim or title to an asset or property, and is recognized as such by law. For example, a lender is the legal owner of a property (mortgaged as a collateral for payment of a loan) by a borrower who is its legal possessor and retains only the right of redemption in it.

Meaning of Legal owner & Legal owner Definition