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  1. Dictionary
    En·cum·ber
    /inˈkəmbər/

    verb

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  3. Apr 9, 2024 · An encumbrance is a claim against a property by someone other than the current titleholder. It can impact the transferability or use of the property until the encumbrance is lifted. The most common types of encumbrance are mortgages, easements, leases, liens, and restrictions. Learn how encumbrance works in real estate and personal property, and how it affects the marketability and value of a security.

  4. Apr 12, 2024 · An encumbrance is a restriction placed on the use of funds. The concept is most commonly used in , where encumbrances are used to ensure that there will be sufficient cash available to pay for specific . By using encumbrances, a government entity can be assured that it will not over-extend its finances.

  5. Apr 9, 2024 · Key Takeaways. Joint ownership grants each co-owner an equal right to possess, use, and benefit from the entire property. A co-owner can sell or encumber their interest in the property without permission from other co-owners, which can lead to conflicts and potential partition actions.

  6. Apr 8, 2024 · Encumbered securities, often referred to as encumbered assets, involve a complex interplay of legal claims on owned assets. In essence, these securities are owned by one entity but subject to a legal claim by another, creating a scenario where the use and sale of these assets are restricted. How encumbered securities work.

  7. 4 days ago · Cambridge Dictionary - English dictionary, English-Spanish translation and British & American English audio pronunciation from Cambridge University Press

  8. Apr 9, 2024 · In municipal finance, encumbrances represent commitments for future payments backed by official documentation, such as purchase orders or contracts. When a municipality enters into a contract or agreement, the financial commitment established by that document must be recorded as an encumbrance within the fiscal year of its approval.

  9. Apr 12, 2024 · Unencumbered are those assets that are free of any borrowed money, liens, or claims. In contrast, if a property is encumbered, it is subject to a financial burden or loan.

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