Remainderman: The person who inherits property when someone passes away, and has executed a "life estate deed." For example, John owns a house. He deeds it to himself for life, and then to Jane upon his death. Jane is the remainderman.
Remainder definition:
A right to future enjoyment or ownership of real property.
A right to future enjoyment or ownership of real property.
The "left-over" after property has been conveyed first to another party for their use.
Remainder
(n) Remainder is the interest in a property on the conclusion of the existing interest in that property.
Charitable Remainder Trust A kind of charitable trust in which someone places substantial assets into an irrevocable trust.
Remainder
A right to future enjoyment or ownership of real property. The "left-over" after property has been conveyed first to another party. A remainder interest is what if left-over after a life estate has run its course.
Remainder: 1. The rest; the portion remaining after a part has been taken away; the residue. 2. The portion of an estate or property which is to be distributed after other portions have been disposed of. 3.
remainder
n. in real property law, the interest in real property that is left after another interest in the property ends, such as full title after a life estate (the right to use the property until one dies).
REMAINDER-MAN. One who is entitled to the remainder of the estate after a particular estate carved out of it has expired.
Vested remainder
An unconditional right to receive real property at some point in the future.
A vested interest may be created by a deed or a will.
Remainder (trust law)
remainder subject to a condition precedent
remainder subject to divestment ...
remainderman
Someone who will inherit property in the future. For instance, if someone dies and leaves his home "to Alma for life, and then to Barry," Barry is a remainderman because he will inherit the home in the future, after Alma dies.
The remainder of the Declaration consisted of a indictment arraigning King George III with thirty offenses, some constitutional, some legal, and some merely matters of policy.
CONTINGENT REMAINDER - Estates. An estate in remainder which is limited to take effect, either to a dubious and uncertain person, or upon a dubious and uncertain event, by which no present or particular interest passes to the remainder-man, ...
Charitable remainder trust
Definition
: a trust in which individuals are named as beneficiaries to receive income for a period of time (as the lifetimes of the beneficiaries) after which the principal passes to charity ...
severability clause - A provision in a contract that preserves the validity of the remainder of the contract if a portion of it is invalidated by a court.
severance pay - An amount that an employer offers to employees who are laid off.
Liquidate: To sell the assets of a business, paying bills and dividing the remainder among shareholders, partners or other investors.
Deductible: The amount an insured person must pay before the insurance company pays the remainder of each covered loss, up to the policy limits.
The claim or claims must conform to the invention as set forth in the remainder of the specification and the terms and phrases used in the claims must find clear support or antecedent basis in the description so that the meaning of the terms in the ...
Parole - The conditional release from prison of a convict before the end of his sentence. If he observes the conditions, the parolee need not serve the remainder of his sentence.
It differs from intrusion, which is a similar entry by a stranger on the death of a tenant for life, to the prejudice of the reversioner, or remainder man; and from disseisin, ...
Once the process starts the company is administered by a liquidator who disposes of all assets, and distributes the remainder to members or creditors. When the process is complete, the company is struck off the Companies Register and ceases to exist.
two step mortgage an adjustable-rate mortgage (ARM) that has one interest rate for the first five to seven years of its term and a different interest rate for the remainder of the term.
In some trusts, such as a "charitable remainder unitrust," the trustee must be independent and therefore cannot be the creator of the trust.
(ii) the aggregate of the rent provided for in the lease for the first year of the lease following the date on which the disclaimer becomes effective and 15% of the rent for the remainder of the term of the lease after that year.
The term composition is also used to refer to an agreement between an insolvent debtor and his creditor, whereby the creditor for some consideration, such as an immediate payment of a portion of the debt, waives the remainder and considers his claim ...
The landlord should be permitted to sue and get an un-paid rent judgment against the tenant for the remainder of the lease term ... if, in fact, he is unable to rent the property to someone else.
 See also: Law, Person, State, Will, Property
  
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