contingent remainder

contingent remainder
An estate in remainder under a limitation which is uncertain as to the person who is to take or as to the event upon which the preceding estate is to terminate, so that the preceding estate may terminate and yet the remainder never take effect. Re Youngs Will, 248 Iowa 309, 79 NW2d 376. A contingent remainder is only the possibility or prospect of an estate, which exists when what would otherwise be a vested remainder is subject to a condition precedent, or is created in favor of an uncertain person or persons. Sands v Fly, 200 Penn 414, 292 SW2d 706, 57 ALR2d 188. See remainders on a contingency with a double aspect.

Ballentine's law dictionary. . 1998.

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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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  • contingent — con·tin·gent /kən tin jənt/ adj 1: likely but not certain to happen compare executory 2: intended for use in circumstances not completely foreseen a contingent fund 3: dependent on or conditioned by something else …   Law dictionary

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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

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