incident of ownership

incident of ownership definition - business

incident of ownership

Evidence of control over an asset. For example, a person may add a child's name to a savings account but still retain control over the account.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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