- contingent ownership
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Category: Wills, Trusts & Estates → Wills
Nolo’s Plain-English Law Dictionary. Gerald N. Hill, Kathleen Thompson Hill. 2009.
contingent ownership
Look at other dictionaries:
Contingent Shares — Shares of company stock that are issued only if certain conditions are met. Contingent shares are similar to stock options, warrants and other convertible instruments in that there is a level of uncertainty associated with their issue. For… … Investment dictionary
contingent remainder — noun An interest in property that is owned by a party that can not be identified until the interest vests. Example: Joe leaves property to Mike for life, and then to Mikes oldest surviving child ; since it is not known who will be Mikes oldest… … Wiktionary
conditional ownership — Ownership in which the owner does not have full right to the property, but could acquire full ownership if specific conditions are fulfilled the ownership is conditional on those conditions. For example, George is the alternate remainder… … Law dictionary
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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
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cañada — /keuhn yah deuh, yad euh/, n. Chiefly Western U.S. 1. a dry riverbed. 2. a small, deep canyon. [1840 50; < Sp, equiv. to cañ(a) CANE + ada n. suffix] * * * Canada Introduction Canada Background: A land of vast distances and rich natural resources … Universalium
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