contingent trust
A trust that is not currently operational, but will become operational under specific conditions.
Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • contingent — /kantinjant/ Possible, but not assured; doubtful or uncertain; conditioned upon the occurrence of some future event which is itself uncertain, or questionable. Synonymous with provisional. This term, when applied to a use, remainder, devise,… …   Black's law dictionary

  • contingent — /kantinjant/ Possible, but not assured; doubtful or uncertain; conditioned upon the occurrence of some future event which is itself uncertain, or questionable. Synonymous with provisional. This term, when applied to a use, remainder, devise,… …   Black's law dictionary

  • trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …   Black's law dictionary

  • contingent beneficiary — see beneficiary a, b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. contingent beneficiary n. Someone who w …   Law dictionary

  • contingent interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. contingent interest …   Law dictionary

  • Trust — Trust, n. [OE. trust, trost, Icel. traust confidence, security; akin to Dan. & Sw. tr[ o]st comfort, consolation, G. trost, Goth. trausti a convention, covenant, and E. true. See {True}, and cf. {Tryst}.] 1. Assured resting of the mind on the… …   The Collaborative International Dictionary of English

  • Trust deed — Trust Trust, n. [OE. trust, trost, Icel. traust confidence, security; akin to Dan. & Sw. tr[ o]st comfort, consolation, G. trost, Goth. trausti a convention, covenant, and E. true. See {True}, and cf. {Tryst}.] 1. Assured resting of the mind on… …   The Collaborative International Dictionary of English

  • contingent deed held in trust — index escrow Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • trust — I. noun Etymology: Middle English, probably of Scandinavian origin; akin to Old Norse traust trust; akin to Old English trēowe faithful more at true Date: 13th century 1. a. assured reliance on the character, ability, strength, or truth of… …   New Collegiate Dictionary

  • Contingent cooperator — In game theory, a contingent cooperator is a person or agent who is willing to act in the collective interest, rather than his short term selfish interest, if he observes a majority of the other agents in the collective doing the same. The… …   Wikipedia

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