Contingent Use - Law Dictionary Search Results
Contingent use
Matched in: Term Contingent use
contingent
Matched in: Term contingent
Should
Used as an auxiliary verb to express a conditional or contingent act or state or as a supposition of an actual fact also to express moral obligation see Shall … Used as an auxiliary verb to express a conditional or contingent act or state or as a supposition of
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Uses
him power to alien what he had; yet the feoffees may still enter to re-vest a remainder or contingent use, which was never published by any record or delivery, whereby the purchaser could know of them. 'Sixthly. Uses
Remainder
as in former, case is called the particular estate.' Remainders are of three kinds:-(1) vested of executed; (2) contingent or executory; and (3) cross. The seven following rules affecting the remainders should be observed:- (1) There must … over after a previous limitation or a partial interest in them. It may be limited by way of use (which is, in practice, the usual method), as well as by a conveyance deriving its effect from the
Springing use
Matched in: Term Springing use
Contingent remainder
Matched in: Term Contingent remainder
interest
beneficial interest : the right to the use and benefit of property [a beneficial interest in the trust] contingent interest : a future interest whose vesting is dependent upon the occurrence or nonoccurrence of a future event
Fidelity, fidelity insurance gurantee
the use of the word 'fidelity' indicates, 'it is a policy intended to protect the assured against the contingency of breach of fidelity on part of a person in whom confidence has been placed'. It is a
loan
one party to another with the express or implied agreement that the sum will be repaid regardless of contingency and usually with interest ;broadly : the furnishing of something to another party for temporary use with the
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