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The place where something (such as a right) is held to be located in law How to use situs in a sentence. Investment advisory, transaction and securitization support, servicing, asset management, special servicing, and valuations. In law, the situs (latin for 'position'
Pronounced / ˈsaɪtəs / in english) of property is where the property is treated as being located for legal purposes. Noun situs (plural situses or situs) (anatomy, botany) the position, especially the usual, normal position, of a body part or part of a plant (botany) the method in which the parts of a plant are arranged (law) the location of a property as used for taxation or other legal purposes.
Like most words in latin, situs is usually used for legal purposes. Situs, a latin term for “position” or “site,” refers to the location of property for legal and economic purposes It is distinct from the term “site,” which describes the physical land and its boundaries. Situs means the location of property or an item for legal purposes
Where the situs of something is depends on the type of item and can have important legal consequences For most physical items the situs is the place where the object is located presently such as a house or a purse. See examples of situs used in a sentence. Situs in american english (ˈsaɪtəs ) noun position or location
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