Abeyance
Definition - What does Abeyance mean?
Abeyance is a term which refers to a situation when the real ownership of the property remains undecided. This particularly happens after the death of a person who owned property and who didn't have an obvious heir.
Justipedia explains Abeyance
The term abeyance can also refer to the property of a bankrupt person before the court decides which property should be given to which party, like creditors or alleged heirs. It can be used as a legal jargon to represent anything “undetermined.”
