Aggregate:
Noun: A whole formed by combining several elements or parts; a collection or sum of various things.
Example: The aggregate of all the votes determined the winner of the election.
Adjective: Formed by the combination of several separate elements or parts; total.
Example: The aggregate cost of the project includes labor, materials, and overhead expenses.
Verb: To combine or gather together into a whole; to collect or assemble.
Example: The team will aggregate the data from various sources to analyze the trends.
Sole:
Adjective: Being the only one; single; exclusive.
Example: She is the sole owner of the company.
Noun: The undersurface of a person’s foot; the bottom part of a shoe or boot.
Example: He felt a pebble in his sole while walking on the beach.
Verb: To put a new sole on (a shoe or boot); to repair or replace the bottom part.
Example: The cobbler will sole my worn-out shoes.
Aggregate and sole are two different legal concepts that refer to the ownership and control of property or assets.
Aggregate refers to a group or collection of individuals or entities who jointly own and control property or assets. In this context, the aggregate is considered as a single entity, and decisions regarding the property or assets are made collectively by the members of the aggregate. Each member of the aggregate has a share or interest in the property or assets, and their rights and obligations are determined by the terms of the agreement or arrangement governing the aggregate.
On the other hand, sole refers to an individual or entity that has exclusive ownership and control over property or assets. In this case, the sole owner has the right to make decisions regarding the property or assets without the need for any collective agreement or approval. The sole owner is solely responsible for the property or assets and bears all the risks and benefits associated with them.
The distinction between aggregate and sole ownership is important in various legal contexts, such as business organisations, property ownership, and contracts. Understanding whether ownership is aggregate or sole helps determine the rights, responsibilities, and decision-making authority of the parties involved.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 29th March 2024.
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