Prescription

Business / Real Estate / Prescription: Acquiring a right in property, usually in the form of an intangible property right such as an easement or right-of-way, by means of adverse use of property that is continuous and uninterrupted for the prescriptive period established by state statute. Use of land is adverse when it is made under a claim or right. Therefore, there is no adverse use if the owner has granted permission, or if the user has paid for the use of the property, or if the user has admitted that the owner has a superior right in the property. Prescription is often used interchangeably with the term adverse possession, which more strictly refers to the acquiring of title to lands. As in adverse possession, the essential elements are that the prescriptive right be adverse, under claim of right, continuous and uninterrupted, open, notorious and exclusive, with the knowledge and acquiescence of the servient owner, and continuing for the full prescriptive period.

Other Words for Prescription

Prescription Verb Synonyms: remedy, medication, medicine, drug, preparation, medicament
Prescription Noun Synonyms: formula, recipe, instruction, direction
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Prescription Drug

Health / Dentistry / Prescription Drug: A drug that has been approved by the Federal Food and Drug Administration which can only be dispensed according to physician's prescription order. MORE

Easement By Prescription

Business / Real Estate / Easement By Prescription: An easement acquired by continuous, open and hostile use of property for the period of time prescribed by state law. MORE

Prescription Drug Benefits

Business / Human Resources (HR) / Prescription Drug Benefits: Typically a provision included in a group health plan designed to provide covered employees and their dependents with payment assistance for medically prescribed drugs. MORE

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