Business / Real Estate / Feudal System: A system of ownership usually associated with precolonial England, in which the king or other sovereign is the source of all rights. The right to possess real property was granted by the sovereign to an individual as a life estate only. Upon the death of the individual title passed back to the sovereign, not to the decedents heirs.
System Adjective Synonyms: organized whole, organization, set, group, combination, structure, arrangement, pattern, set-up
System Noun Synonyms: scheme, method, approach, modus operandi, way, procedure, methodology, technique, plan, process, practice, routine
Business / Real Estate / Allodial System: A system of land ownership in which land is held free and clear of any rent or service due to the government, commonly contrasted to the feudal system. Land is held under the allodial system in the Un MORE
Business / Finance / Nonsystematic Risk: Nonmarket or firm-specific risk factors that can be eliminated by diversification. Also called unique risk or diversifiable risk. Systematic risk refers to risk factors common to the entire economy. MORE
Business / Agriculture / North American Industry Classification System (NAICS): Standard industrial classification codes have been replaced in the 1997 Census of Agriculture by the new North American Industry Classification System (NAICS). NAICS is a unique, all-new system for cl MORE