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A qualification, restriction, or circumspection.

In the law of property, a limitation on an estate arises when its duration or quality is in some way restricted. For example, in the conveyance, "Owner conveys Blackacre to A until B leaves the country," A's estate is limited, since A is given Blackacre for only a specified length of time.

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Law Library - American Law and Legal InformationFree Legal Encyclopedia: Legislative Veto to Lloyd's