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Simple English definitions for legal terms
Moiety
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A quick definition of Moiety:
Definition: Moiety means half of something. It comes from an old French word that means half. It used to be used to talk about half of a piece of land, but now it's not used very much. Sometimes it can mean any set of parts that are about the same size. For example, if two people own land together, they might each have a moiety, which means they each own about half of the land.
A more thorough explanation:
Moiety refers to half of something. It comes from an old French word “moitié,” which means half.
In real estate, the term “moiety” was used to refer to one-half interest in a property. For example, if a person owned a house with their spouse, they each had a moiety or half-interest in the property.
Joint tenants, who are two or more people who own land by a joint title, are also “said to hold by moieties.” This means that they each have a roughly equal part in the property.
For instance, if two friends bought a piece of land together, they would each have a moiety or half-interest in the property.
Overall, the term “moiety” refers to any set of roughly equal parts, but it is most commonly used to describe a half-interest in something.