What is the strip and gore doctrine?

The Strip-and-Gore Doctrine is a public policy presumption against separate ownership of adjacent, relatively valueless strips or gores, gore being a small usually triangular piece of land. The Doctrine helps provide certainty in land titles, avoid costly litigation and promote land use.

What is a gore in property?

A gore is an irregular parcel of land, as small as a triangle of median in a street intersection or as large as an unincorporated area the size of a township. In modern land law and surveying a gore is a strip of land, usually triangular in shape, as might be left between surveys that do not close.

What is a deed Gore?

A”gore” is a strip in another form, such as a triangle or other odd-shaped parcel. When a grantor conveys land he owns adjacent to a narrow strip that thereby ceases to be of benefit or importance to him, he also conveys the narrow strip unless he reserves the strip for himself by plain and specific language.

What is a strip of land?

A strip of land or water is a long narrow area of it. The coastal cities of Liguria sit on narrow strips of land lying under steep mountains.

What is a Strip property?

Real Estate Glossary. Term. Main definition. Strip Center. Any shopping area, generally with common parking, comprised of a row of stores.

What is the use of strips?

Separate Trading of Registered Interest and Principal Securities (STRIPS) was created to provide investors with another alternative in the fixed-income arena that could meet certain investment objectives that were difficult to achieve using traditional bonds and notes.

What is the difference between strip and stripe?

A stripe is “a long narrow band or strip, typically of the same width throughout its length, differing in color or texture from the surface on either side of it”, and a strip is a “a long, narrow piece of cloth, paper, plastic, or some other material”.

What is strip development?

Strip development means a multilot project where building lots front on an existing road. Strip development means a multi-lot project where building lots front on an existing road and are not part of a larger common plan of development or sale.

What is a reserve strip?

Reserve strip: A strip of land adjacent to a street or road which limits or controls access to the street or road.

What do the strips stand for?

STRIPS is the acronym for Separate Trading of Registered Interest and Principal of Securities. STRIPS let investors hold and trade the individual interest and principal components of eligible Treasury notes and bonds as separate securities.

Are strips a good investment?

STRIPS are a popular choice for fixed-income investors. They have extremely high credit quality because they are backed by U.S. Treasury securities. Since STRIPS are sold at a discount, investors do not require a large stash of cash to purchase them.

How do Strips work?

Why Are STRIPS Popular? STRIPS are zero-coupon securities issued by brokerage firms and based on receipts for Treasury securities. Based on its receipts, the firm then strips the principal from the interest and creates zero-coupon securities based on portions, or units, of the principal or interest of the security.