contingent remainder

contingent remainder
contingent remainder see remainder

Merriam-Webster’s Dictionary of Law. . 1996.

contingent remainder
A future interest in property that will pass only if certain circumstances occur, or that will pass to an unknown person or entity. For example, John makes a will that leaves his farm to Frank for life and then, if Scotty has gone to college by the time Frank dies, to Scotty.
Category: Wills, Trusts & Estates

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

contingent remainder
n.
   an interest, particularly in real estate property, which will go to a person or entity only upon a certain set of circumstances existing at the time the title-holder dies. Examples of those potential circumstances include surviving one's brother or still operating the family farm next door.

Law dictionary. . 2013.

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  • contingent remainder — /kənˌtɪndʒənt rəˈmeɪndə/ (say kuhn.tinjuhnt ruh maynduh) noun Law a future interest in property which comes into possession only on the happening of a contingency, as attaining the age of twenty one years …  

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  • remainder — The remnant of an estate in land, depending upon a particular prior estate created at the same time and by the same instrument, and limited to arise immediately on the determination of that estate, and not in abridgement of it. A future interest… …   Black's law dictionary

  • remainder — /ri mayn deuhr/, n. 1. something that remains or is left: the remainder of the day. 2. a remaining part. 3. Arith. a. the quantity that remains after subtraction. b. the portion of the dividend that is not evenly divisible by the divisor. 4. Math …   Universalium

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