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fees simple

 - 1 dictionary result
fee simple  
n.   pl. fees simple
  1. An estate in land of which the inheritor has unqualified ownership and power of disposition.

  2. Private ownership of real estate in which the owner has the right to control, use, and transfer the property at will.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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