Final answer:
The definition 'Most complete form of ownership and bundle of rights in real property' corresponds to Fee Simple Absolute, the type of ownership which offers the full rights to use, transfer, or lease the property in perpetuity.
Step-by-step explanation:
The term that matches the definition of 'Most complete form of ownership and bundle of rights in real property' is Fee Simple Absolute. This form of ownership grants the holder the full rights to the property, including the right to sell, lease, bequeath, and use the property in perpetuity unless specific legal restrictions apply. In contrast, a Life Estate grants ownership rights for the duration of someone's life, and upon their passing, the property reverts to the original owner or another designated party. A Qualified Fee, also known as determinable fee, is a type of estate that has a condition attached to it wherein the property could revert to the original owner if certain conditions are not met, similar to Fee on Condition, which also carries conditions that, if violated, could cause the property to revert. Lastly, a Fee Simple refers generally to the idea of absolute ownership without the perpetual aspect of fee simple absolute, but in common usage, it often means the same as fee simple absolute.