DictionaryAI

qualified property

Short definition from Wiktionary

Noun

  1. Ownership that is not absolute and complete.
  2. Property whose subject matter is by nature not permanent (as wild animals reduced to possession but not in captivity).
  3. The right that a bailee has in the chattel transferred to him by the bailment.

We haven’t written up qualified property yet: Simple and Standard meanings, examples and a quiz.