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participating interest

Definitions of andel

The Norwegian term "andel" has several meanings. In a general sense, it means a share, portion or ownership interest, for example in an asset. A participating interest in a partnership is also referred to as an "andel".

In the property-law context, "andel" refers to a unit in a housing cooperative. The owner of such a unit is referred to as an "andelseier" (property unit owner).