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  3. Restriction

Restriction

noun

When placed on a piece of land the owner cannot sell or mortgage the land.

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For example

The land was available for purchase, but only with some specific restrictions.

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Other useful terms:

Conditional agreement

An agreement which depends on a certain thing happening in the future. If the event does not happen the agreement will not start to operate.

Conditional sale

An agreement by which the seller remains the owner agreement of the goods until all the instalments have been paid and all other conditions have been met.

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