Usually means: Neglect causing property value decline.
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We found 12 dictionaries that define the word permissive waste:

General (8 matching dictionaries)
  1. permissive waste: Vocabulary.com
  2. permissive waste: Wiktionary
  3. permissive waste: Dictionary.com
  4. Permissive waste: Wikipedia, the Free Encyclopedia
  5. permissive waste: Rhymezone
  6. permissive waste: FreeDictionary.org
  7. permissive waste: Mnemonic Dictionary
  8. permissive waste: TheFreeDictionary.com

Business (3 matching dictionaries)
  1. permissive waste: Merriam-Webster Legal Dictionary
  2. Glossary of Legal Terms (No longer online)
  3. BusinessDictionary.com (No longer online)

Computing (1 matching dictionary)
  1. permissive waste: Encyclopedia

Definitions from Wiktionary (permissive waste)

noun:  (law) The legally compensable destruction of the value of property through the failure of a life tenant to maintain the property to the point where it falls into disrepair.

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