habendum

noun
ha·ben·dum | \ hə-ˈben-dəm \

Legal Definition of habendum 

: the part of a deed that limits and defines an estate of ownership granted and sometimes the type of tenancy by which the estate is to be held

Note: The habendum is now often just a formality.

History and Etymology for habendum

New Latin, from Latin, to be had, neuter of habendus, future passive participle of habēre to have, to hold (the first word of this part of the deed)

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occurring twice a year or every two years

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