Undivided interest

Undivided interest,

Definition of Undivided interest:

  1. Claim of ownership of commonly-owned assets or property (as in a corporation, partnership, or tenancy-in-common) where each co-owner has unrestricted claim to all the assets or the entire property but no co-owner has exclusive claim to any single asset or part of the property. Also called undivided share.

Meaning of Undivided interest & Undivided interest Definition