reservation Hear it!

reservation definition - legal

n

A right held back or given to the grantor, such as some right, profit, or interest in the estate or property that is being granted; a delayed decision by a court or other body on a point of law; a preservation of the right to dispute a point of contract by a party nevertheless performing same (such as, performing under reservation). See also under protest.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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