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)

References in periodicals archive ?
As a result, contingent interest will be payable on the notes for that six-month interest payment period.
Global Banking News-August 5, 2019-Intel announces payment of contingent interest on 3.25% junior subordinated convertible debentures due 2039
As a result of this sale, ATAX will realize interest, contingent interest and other income, before direct and indirect expenses, of approximately $10.4M in the third quarter of 2018.
The plain statutory text demonstrates that the bankruptcy estate took Timothys half-interest in the marital home subject to Belvas contingent interest. Nothing in the Illinois Dissolution of Marriage Act or federal law suggests a contrary holding.
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."
An alternative that is essentially economically equivalent to paying dividends is to repatriate profits in the form of contingent interest. (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.S.
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.
One exception is for contingent interest, as defined in Sec.
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." Id.