QUASI TRADITIO

quasi traditio (kway-sI [or -zI] tr<<schwa>>-dish-ee-oh). [Latin “as if transfer”] Roman law. A party’s acquisition of a servitude by using it with the informal permission or acquiescence of the owner. “According to the civil law again a servitude — that is, a limited right of user in respect of a thing not one’s own, e.g.…

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QUASI-RENT

quasi-rent. (often pl.) Law and economics. Value over and above one’s opportunity cost or next best alternative; the excess of an asset’s value over its salvage value. • In the economic theory of marriage, a quasi-rent is a spouse’s excess value of the marriage over the value of the next best option of not being…

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