Unrestricted Powers

Fee Simple
Fee Simple (or Fee Simple Absolute) refers to the absolute ownership of real property where the owner has unrestricted powers to dispose of the property during their lifetime, and upon death, the property passes to designated heirs. This ownership can only be overridden by eminent domain.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.