ELI5: Explain Like I'm 5

Bundle of rights

When you own something, like a toy or a house, you have certain rights that come with it. These rights are like a bundle of sticks, all tied together. Let me explain.

If you have a toy, you have the right to play with it, share it, or even break it (although that's not very nice). You can also decide who else gets to play with it or see it. These different rights are like the sticks in your bundle.

Similarly, when you own a house, you have a bundle of different rights. For example, you have the right to live in the house, or to rent it out to other people. You also have the right to sell the house to someone else, or to let your family members live in it. All of these different rights make up your bundle of rights to the house.

So, when we talk about a "bundle of rights," we're really just talking about all the different things you can do with something you own, whether it's a toy or a house or anything else. Just like a bundle of sticks, each right is important to keep the whole thing together.
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