Ownership – within the sphere of Property Law, the term refers to a legal right, granted by the local legislation to the possession of a thing, which right can be defended against any third parties. Usually the ownership right includes…

Owner’s equity – this term refers to the legal right of the individual shareholder in a local corporate body to its assets, excluding the liabilities/expenses. I.e. this is the right of the financial result/dividend of the company.

Owner in equity – this term is used in the Real Estate Law, where details the legal figure of an owner who has obligation to repair or replace damaged improvements to the real estate.

Owned property exclusion – this term is used in the Property Law, where refers to a clause in real estate insurance policies, allowing any third parties, injured by damages arising from the real estate, to raise their civil claims and…

Overtime pay – this term is used in the Labor Law in many jurisdictions, where refers to the situation of giving salary for working more hours, than the agreed standard 40 hours per week, in the standard Bulgarian labor contract.

Oversee – this term within the sphere of Real Estate means: to overlook, to supervise; to inspect/survey for example, a real estate, for any shortcomings or defects. In other words – to confirm its condition, usually prior to a property…

Overrule – this term is used in court trial procedures in many legal systems, where describes a decision of the appellate court, overturning a previous decision taken by the lower court on the concrete legal dispute, so that the prior…

Overlying right – within the sphere of Real Estate Law, this term details a non-separate legal right of an owner of property, to dig for water in their own plot, for example. But not for treasures, which, if found, belong…

Overlying mortgage – per the meaning in the Property Law this is a secondary mortgage, established after another, primary mortgage, on the same real estate. The legislation in many countries provises that the primary mortgage, registered in the Land Register…

Overlook – this term within the sphere of Real Estate means: to oversee, to supervise; to inspect/survey for example, a real estate, for any shortcomings or defects. I.e. to confirm its condition, usually prior to a property transfer, where to…