Contingent Interest - Law Dictionary Search Results
Conditional limitation
as they abridge or defeat the estates previously limited, and they are so far limitations, as upon the contingency taking effect the estate passes to a stranger, Hary. Note 1 to Co. Litt. 203 b. These imitations … 1 to Co. Litt. 203 b. These imitations can, with some exceptions, only take effect now as equitable interests, see L.P. Act, 1925, s. 1.
Law of Property Act, 1925 (English)
less than the fee or entire term, e.g., entailed estates, estates for life, in remainder whether vested or contingent, and married women's estates subject to a restraint upon anticipation (see SETTLED LAND settled land). (3) Legal estates … land may be held in fee simple, leased and mortgaged at the same time. all other estate and interests inland are reduced to equitable interests. All mortgages of the same legal estate under the statutory conditions are
Reserve and provision
(1982) 1 SCR 789. A 'provision' is a charge against the profits, being made against anticipated losses and contingencies. A 'reserve', on the contrary, is an appropriation of profits; the assets by which it is represented being … sense or meaning that is attributed to it by men of business, trade and commerce and by persons interested in or dealing with companies. Therefore, the meanings attached to these two words in the provisions of the
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Scheme
deposits with the other or lends to that other a sum of money on promise of being paid interest at a rate higher than the agreed rate of interest cannot, without more, be a money circulation scheme' … advance or lend money on promise of being paid more money on the happening of any event or contingency relative or applicable to the enrolment of members into the programme, State of West Bengal v. Swapan Kumar
easement
easement [Anglo-French esement, literally, benefit, convenience, from Old French aisement, from aisier to ease, assist] : an interest in land owned by another that entitles its holder to a specific limited use or enjoyment (as the … this entry determinable easement : an easement that will terminate upon the happening of a specific event or contingency easement appurtenant pl: easements appurtenant : an easement attached to and benefiting a dominant estate and burdening a
Uses
either- (1) Resulting; (2) Implied. II. Future or executory, distributable into: (a) Shifting or secondary; (b) Springing; (c) Contingent. See TRUSTS. Objections to uses before the Statute:- 'Though these uses' (see Gilbert, Uses, c. 1, s. 8) … this statute was the total destruction of the use, by effecting an amalgamation of the legal and equitable interests; but this object, if it existed, has failed owing to the equitable jurisdiction of the Courts of Chancery
Bond
death of a particular person, whether the obligor be then alive or not, the time of payment being contingent only. See EXPECTANT HEIRS; MONEY -- LENDERS; POST OBIT BOND; USURERS. Bonds to procure marriage (or marriage brokage … penalty, which is generally double the amount of the principal sum secured, only the sum actually owing, with interest, can be recovered, and in no case can this exceed the amount appearing on the face of the
Damages
of a core concept is seen in such words as actual damages, civil damages, compensatory damages, consequential damages, contingent damages, continuing damages, double damages, excessive damages, exemplary damages, general damages, irreparable damages, pecuniary damages, prospective damages, special … of the benefit of the contract, see Bain v. Fothergill, LR 7 HL 158. See also DOUBLE DAMAGES; INTEREST; MEASURE OF DAMAGES; and ACTIO PERSONALIS; and consult Mayne on Damages. Damages, as defined by Mcgregor 'are the
Merger
be immediately expectant upon each other; the more remote estate must be without any intervening vested estate or contingent remainder created in the same instant of time and by the same means which originated the other estate; … the commencement of that Act, be any merger by operation of law only of any estate the beneficial interest in which would not be deemed to be merged or extinguished inequity. In equity merger is, and always
Wills
Goods of Blewitt, (1880) 5 PD 116. By s. 175 of the (English) Law of Property Act, 1925, contingent, specific or residuary devises of real or personal property carry the income, and see the (English) Trustee Act, … the execution of any will, to whom or to whose wife or husband any beneficial devise, legacy, estate, interest, gift, or appointment, of or affecting any real or personal estate (other than and except charges and directions
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