Contingent interest

Contingent interest

A contingent interest is an interest which is uncertain, either as to the person who will enjoy it in possession or as to the event on which it will arise. 57 Am J1st Wills § 1217.

A future interest is contingent where the person to whom or the event upon which it is limited to take effect in possession or become a vested estate is uncertain. Caine v Payne, 86 App DC 404, 182 F2d 246, 20 ALR2d 823. If the condition upon which a future interest depends is precedent, the interest is contingent; if the condition is subsequent, the interest is vested, subject to defeasance. Anno: 131 ALR 712.


Wikimedia Foundation. 2010.

Игры ⚽ Нужно решить контрольную?

Look at other dictionaries:

  • contingent interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. contingent interest …   Law dictionary

  • contingent interest — An interest which is uncertain either as to the person who will enjoy it in possession or as to the event on which it will arise. 57 Am J1st Wills § 1217. A future interest is contingent where the person to whom or the event upon which it is… …   Ballentine's law dictionary

  • contingent interest — See vested interest …   Big dictionary of business and management

  • contingent interest in personal property — A future interest not transmissible to the representatives of the party entitled thereto, in case he dies before it vests in possession. Thus, if a testator leaves the income of a fund to his wife for life, and the capital of the fund to be… …   Black's law dictionary

  • contingent interest in personal property — A future interest not transmissible to the representatives of the party entitled thereto, in case he dies before it vests in possession. Thus, if a testator leaves the income of a fund to his wife for life, and the capital of the fund to be… …   Black's law dictionary

  • interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim …   Law dictionary

  • contingent — con·tin·gent /kən tin jənt/ adj 1: likely but not certain to happen compare executory 2: intended for use in circumstances not completely foreseen a contingent fund 3: dependent on or conditioned by something else …   Law dictionary

  • contingent remainder — see remainder Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. contingent remainder …   Law dictionary

  • contingent beneficiary — see beneficiary a, b Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. contingent beneficiary n. Someone who w …   Law dictionary

  • interest — The most general term that can be employed to denote a right, claim, title, or legal share in something. In its application to real estate or things real, it is frequently used in connection with the terms estate, right, and title. More… …   Black's law dictionary

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”