Interest

{
  "id": "MLC-T-LAW-002690",
  "term": "Interest",
  "field": "Law",
  "definition": "A legal right, claim, or share in property or a business, which can be possessory or non-possessory. An interest can range from full ownership, like a fee simple estate, to a more limited right, such as an easement, a security interest, or a life estate. The nature and extent of an interest determine the holder's ability to possess, use, transfer, or encumber the property, and these rights are enforceable by law against others.",
  "url": "https://mlchart.com/terminology/law/interest/"
}