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fee
(redirected from customary fee)

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia 0.03 sec.
fee, in property law: see property property, rights to the enjoyment of things of economic value, whether the enjoyment is exclusive or shared, present or prospective. The rightful possession of such rights is called ownership.
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; tenure 2)). Spiritual welfare was provided for by frankalmoign tenure, i.e., granting lands in charity to religious bodies. Serjeanty tenure furnished the king with needed officials and with personal services.
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fee

In law, an inheritable freehold estate in real property (see real and personal property). The word derives from fief, as used in feudal law. Modern property law includes several varieties of fee, including fee simple (alienable and of indefinite duration), fee tail (granted to an individual and his or her descendants but subject to reversion if a tenant dies with no descendants), and life fee or life estate (held only during the lifetime of the grantee).


fee
1. Property law
a. an interest in land capable of being inherited
b. the land held in fee
2. (in feudal Europe) the land granted by a lord to his vassal
3. in fee
a. Law (of land) in absolute ownership
b. Archaic in complete subjection


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