contingent interest

contingent interest

n. an interest in real property which, according to the deed (or a will or trust), a party will receive only if a certain event occurs or certain circumstances happen. Examples: surviving a person who had a life estate (the right to use the property for his/her life), or having children at the time such a life estate ends. (See: contingent, contingent remainder, future interest)

See: claim, right
References in periodicals archive ?
The plain statutory text demonstrates that the bankruptcy estate took Timothys half-interest in the marital home subject to Belvas contingent interest.
Healthcare diagnostics company Laboratory Corporation of America Holdings (NYSE:LH) stated on Friday that its zero coupon convertible subordinated notes due 2021 will accrue contingent interest for the period of 12 March 2016 to 11 September 2016 subject to the terms and conditions.
In addition to the cash element, Rockhopper's offer represents an opportunity for MOG shareholders to receive shares in Rockhopper, while still retaining a contingent interest in the high-risk exploration well offshore Malta that will spud in the next few days.
29) While it generally would not be possible to pay contingent interest tax-free under the so-called "portfolio interest" rules, (30) a limited statutory exception does exist that would allow non-U.
Additionally, from 15 May 2021 contingent interest will accrue in certain circumstances relating to the trading price of the notes.
Hamilton did not disclaim her contingent interest in the charitable trust, and consequently, no deduction was allowed for the property passing to the charitable trust as a result of the partial disclaimer.
The contingent senior notes will also bear contingent interest in certain circumstances.
According to the Calendar Year 2006 Fifteenth Annual Report to the Congress on Assets in the United States of Terrorist Countries and International Terrorism Program Designees (September, 2007), prepared by the Office of Foreign Assets Control, the nearly $200 million of assets blocked under the Cuban sanctions regulations includes blocked assets of all Cuban nationals such as blocked wire transfers intended for or sent by Cuban nationals, as well as "assets owned by third parties that have been blocked due to the indirect or contingent interest of the Cuban government or Cuban nationals.
For instruments with variable or contingent interest payments, taxpayers must apply special OID rules for determining the adjusted yield.
The complexity with the current system is that it potentially requires that contingent interest be claimed in respect of a year only at a later date once it is no longer contingent.
Lenders who will receive contingent interest need to reach agreements with their borrowers regarding repayment schedules.
This process defines contingent interest - the appearance of a problem, interpretations of its significance, and the expression of possible solutions - as an objective, monologic relation between threat and stability.