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Financial Dictionary

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VERAY - This is an ancient manner of spelling urai, true.

In the English law, there are three kinds of tenants: 1. Veray, or true tenant, who is one who holds in fee simple. 2. Tenant by the manner, who is one who has a less estate than a fee which remains in the reversioner. 3. Veray tenant by the manner, who is the same as tenant by the manner, with this difference only, that the fee simple, instead of remaining in the lord, is given by him or by the law to another.

VERAY TENANT, or TRUE TENANT - Eng. law. One who holds a fee simple; in pleadings, he is called simply tenant. He differs from a tenant by the manner in this, that the latter holds a less estate than a fee which remains in the reversioner.

A veray tenant by the manner is the same as tenant by the manner, with this difference only, that the fee simple, instead of remaining in the land, is given by him or by the law, to another.


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