Business / Real Estate / Land Trusts: A few states permit the creation of land trusts, in which real estate is the only asset. As in all trusts, the title to the property is conveyed to a trustee, and the beneficial interest belongs to the beneficiary. In the case of land trusts, however, the beneficiary is usually also the trustor. While the beneficial interest is personal property, the beneficiary retains management and control of the real property and has the right of possession and the right to any income or proceeds from its sale.
Land Noun Synonyms: earth, (solid) ground, terra firma
Land Verb Synonyms: dirt, earth, soil, turf, sod, loam, mould
Business / Agriculture / Farmland Protection: Programs, operated mostly at state and local levels by government agencies or private entities such as land trusts, that are designed to limit conversion of agricultural land to other uses that otherw MORE
Business / Agriculture / New Zealand Dairy Board (NZDB): The New Zealand Dairy Board is a quasi- government corporation that was explicitly created by New Zealand statute to purchase all New Zealand dairy products that are manufactured for export. (New Zeal MORE