Outrageously Funny Word Dictionary :: Parcelment

👉 Parcelment, in legal terms, refers to a legal agreement between two parties that allows one party (the "servient") to receive a portion of another party's property or assets, such as real estate, on exchange for payment. This process can be used by both the servient and the servicable to achieve financial stability or equity gains. In the context of real estate transactions, parcelment is often used in connection with the sale of residential properties, where a buyer acquires a portion of

parcelment