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Vested

as: 'Vested; fixed; accrued; settled; absolute; complete. Having the character or given the rights of absolute ownership; not contingent; not subject to be defeated by a condition precedent. 'Rights are 'vested' when right to enjoyment, present or

Shelley's case, Rule in

as word of limitation and not of purchase, so that the life-tenant takes the inheritance, which is neither contingent nor in abeyance; that is to say, where the inheritance is to his heirs or right heirs he

Determinable life estates

Determinable life estates, estates for life, which may determine upon future contingencies before the life for which they are created expires. As if an estate be granted to a woman

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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

fee

a fixed amount or percentage charged ;esp : a sum paid or charged for a service [attorney s] contingency fee : a fee for the services of a lawyer paid upon successful completion of the services and

beneficiary

named or otherwise entitled to receive the principal or income or both from a trust compare settlor, trustee contingent beneficiary : a beneficiary that may receive proceeds from a trust depending on the occurrence of a specified

Bond

(1) Where the sum secured is greater than the sum borrowed, but to be payable only upon a contingency, such as the obligor-expectant surviving his ancestor. (2) Where the sum secured is greater than the sum borrowed,

Vested interest

interest, when there is immediate right of present right for future enjoyment. An interest is said to be contingent if the right of enjoyment is made dependent upon some event or condition which may or may not

Vested in interest

event that is uncertain, although the period of enjoyment may be uncertain or conditional. See following titles and CONTINGENT LEGACY; CONTINGENT RE-MAINDER.

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

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