võõrandatav

Võõrandatav is an Estonian word that translates to "alienable" in English. It is primarily used in legal and economic contexts to describe something that can be transferred or sold. For instance, property ownership is generally considered alienable, meaning the owner has the right to sell it to another party. This concept is fundamental to the principles of private property and market economies, as it allows for the free exchange of goods and assets.

In legal terms, alienability refers to the capacity of a right or property to be transferred from one person to another. Most forms of tangible and intangible property are alienable. However, certain rights or assets may be deemed inalienable, meaning they cannot be transferred or sold. Examples of inalienable rights might include fundamental human rights, which are considered inherent and not subject to transaction. Similarly, certain public lands or historical artifacts might be legally protected from alienation to preserve them for public use or heritage.

The concept of alienability is closely linked to ownership. When property is alienable, it implies that the owner has the full bundle of rights associated with it, including the right to dispose of it. The opposite of alienable is inalienable. Understanding alienability is crucial in property law, contract law, and estate planning, as it dictates the permissible ways in which assets can be managed, transferred, and inherited.