contingent remainder

English - English

Definition of contingent remainder in English English dictionary

An interest in property that is owned by a party that can not be identified until the interest vests

Example: Joe leaves property to Mike for life, and then to Mike's oldest surviving child; since it is not known who will be Mike's oldest surviving child at the time of Mike's death, ownership of the property is a contingent remainder.

Related Terms

contingent remainders

plural form of contingent remainder

Hyphenation

con·tin·gent re·main·der

Turkish pronunciation

kıntîncınt rimeyndır

Pronunciation

/kənˈtənʤənt rēˈmāndər/ /kənˈtɪnʤənt riːˈmeɪndɜr/