Letter I
property
Incumbrance
A claim or liability that is attached to property, potentially diminishing its value. Alternative spelling of encumbrance.
Encyclopedia entry: Incumbrance
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incumbrance
See: Encumbrance
[Last reviewed in February of 2022 by the Wex Definitions Team
]
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Encyclopedia content from Cornell LII Wex (CC-BY-NC-SA 2.5).
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.