- (law) A placeholder name of a fictitious or hypothetical estate in land commonly used to discuss the rights of various parties to a piece of real property.
1790, Francis Buller, An Introduction to the Law Relative to Trials at Nisi Prius, page 74:
- If A. have Black Acre and C. have White Acre, and A. has a way over White Acre to Black Acre, and then purchases White Acre, the way will be extinct; and if A. afterwards enfeoff C. of White Acre without excepting the road, it is gone.
2008, Gwendolyn Griffith Lieuallen, Basic Federal Income Tax, page 209:
- Example: Alvin holds Blackacre for investment and wishes to exchange it for like kind property to be held for investment. Becky wants Blackacre, but has only cash.
2010, Louis A. Mezzullo, An Estate Planner's Guide to Family Business Entities, page 123:
- For example, a gift of Blackacre today, when Blackacre is worth $100,000, will freeze the value of Blackacre at $100,000 forever when determining the value of the transferor's transfer tax base, assuming Blackacre will not be brought back into the transferor's estate under I.R.C. § 2036, 2037, or 2038 because the grantor has retained some right or power over Blackacre.