Encumbered: Difference between revisions
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imported>Doug Williamson (Create the page. Sources: linked pages.) |
imported>Doug Williamson (Classify page.) |
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An asset is said to be 'encumbered' when it is subject to a right enjoyed by someone other than the owner of the asset | An asset is said to be 'encumbered' when it is subject to a right - known as an encumbrance - enjoyed by someone other than the owner of the asset. | ||
==See also== | ==See also== | ||
*[[Encumbrance]] | *[[Encumbrance]] | ||
*[[Unencumbered]] | *[[Unencumbered]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 20:06, 30 June 2022
An asset is said to be 'encumbered' when it is subject to a right - known as an encumbrance - enjoyed by someone other than the owner of the asset.
