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Absolute Interest

When you absolutely own something and it's yours, yours, and only yours, you have an absolute interest in it. When you're looking to scream at the idiot who made the terrible decision that ruined your property, you'd better find a mirror, because nobody else was involved. The opposite of an absolute interest is a contingent interest, where no mirrors are sold.

Find other enlightening terms in Shmoop Finance Genius Bar(f)