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remainder subject to open — A vested remainder that will go to a group containing an undetermined number of people. For example, to Adam for life, and then to his children. The remainder left to the children is subject to open because it is unknown how many children (if… … Law dictionary
remainder vested subject to open — see remainder Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
remainder — re·main·der n [Anglo French, from Old French remaindre to remain] 1: an estate in property in favor of one other than the grantor that follows upon the natural termination of a prior intervening possessory estate (as a life estate) created at the … Law dictionary
vested — Fixed; accrued; settled; absolute; complete. Having the character or given the rights of absolute ownership; not contingent; not subject to be defeated by a condition precedent. Rights are vested when right to enjoyment, present or prospective,… … Black's law dictionary
Future interest — This article is about the legal concept of future interests in property. For the actuarial valuation of future streams of income, see Future interests (actuarial science) … Wikipedia
vest — vb [Anglo French vestir, literally, to clothe, from Old French, from Latin vestire] vt 1 a: to place in the possession, discretion, or province of some person or authority all legislative powers herein granted shall be vest ed in a Congress of… … Law dictionary
future interest — noun In property law and real estate, a legal right to property ownership which will vest in the future, but which does not include the right to present possession or enjoyment of the property. See Also: contingent remainder, executory interest … Wiktionary
Germany — /jerr meuh nee/, n. a republic in central Europe: after World War II divided into four zones, British, French, U.S., and Soviet, and in 1949 into East Germany and West Germany; East and West Germany were reunited in 1990. 84,068,216; 137,852 sq.… … Universalium
Russia — /rush euh/, n. 1. Also called Russian Empire. Russian, Rossiya. a former empire in E Europe and N and W Asia: overthrown by the Russian Revolution 1917. Cap.: St. Petersburg (1703 1917). 2. See Union of Soviet Socialist Republics. 3. See Russian… … Universalium
china — /chuy neuh/, n. 1. a translucent ceramic material, biscuit fired at a high temperature, its glaze fired at a low temperature. 2. any porcelain ware. 3. plates, cups, saucers, etc., collectively. 4. figurines made of porcelain or ceramic material … Universalium
