Contingent Interest - Law Dictionary Search Results

settlement of a prior obligation as part of a business reorganization and on which interest payments are usually contingent upon earnings ba·by bond : a bond having a face value of usually $500 or less bearer bond

Vested

has become property of some particular person or persons as present interest; mere expectancy of future benefits, or contingent interest in property founded on anticipated continuance of existing laws, does not constitute vested rights. In Webster's Comprehensive Dictionary,

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destructibility of contingent remainders

Matched in: Term destructibility of contingent remainders

remainder

same instrument compare future interest at interest, reversion charitable remainder : a remainder in favor of a charity contingent remainder : a remainder that is to take effect in favor of an unidentifiable person (as one not

Actuary

[Insurance Act (4 of 1938), s. 2(a)] Means a person skilled in determining the present effects of future contingent events or in finance modelling and risk analysis in different areas of insurance, or calculating the value of … Convocation; or a registrar in a Court Christian. Especially a person skilled in calculating the value of life interests, annuities, and insurances. The (English) Local Government and other Officers' Superannuation Act, 1922 (12 & 13 Geo. 5,

Compulsory deposite

payment of subscriptions or premia in respect of a family pension fund), and includes any contribution and any interest or increment which has accrued under the rules of the fund on any such subscription, deposit, contribution, and … a Provident Fund which under the rules of the Fund, is not until the happening of some specified contingency repayable on demand otherwise than for the purpose of the payment of premia in respect of a policy

Obligor

financial asset or to discharge any obligation in respect of a financial asset, whether existing, future, con-ditional or contingent and includes the borrower. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54

Real Property Act, 1845

three years or more (see FRAUD), and all assignments and surrenders of leases must be by deed. A contingent executory and future interest in land and a possibility coupled with an interest in land, and a right

Lease

effects an actual demise and operates as lease. It must create a present and immediate interest in land--a contingent agreement was not a lease within cl. (d) of section 17(1), Mangan Lal Deoshi v. Mohammad Moinul Haque,

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