outstanding term

noun

Definition of outstanding term

English law
: an estate for a long term of years granted usually to trustees to secure regular payments to a beneficiary from the tenant of the estate upon which such payments are charged

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“Outstanding term.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/outstanding%20term. Accessed 16 Jul. 2020.

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