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)

Mentioned in

advance
Contingent
contingent beneficiary
Contingent remainder
Executory devise
Possibility
rule against perpetuities

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