Final answer:
Fee simple is the absolute ownership of property, while a life estate is a limited ownership interest.
Step-by-step explanation:
In law, a fee simple is an estate in land that represents the absolute ownership of the property. It is the highest form of ownership, giving the owner full and unrestricted rights to the property.
On the other hand, a life estate is a limited ownership interest where the owner, known as the life tenant, has the right to use and enjoy the property during their lifetime, but their rights end upon their death.
Based on this, the terms 'absolute' and 'fee simple' are relevant to fee simple, while 'life estate' is relevant to life estates.