contingent remainder

English

Noun

contingent remainder (plural contingent remainders)

  1. (law) An interest in property that is owned by a party that can not be identified until the interest vests.
    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.
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