Futurable - Law Dictionary Search Results

foundation

support of an institution : endowment b : an organization or institution established by endowment with provision for future maintenance foun·da·tion·al adj

perpetuity

state, or duration of being perpetual [devised to them in ] 2 a : the condition of a future estate limited in such a way as not to vest within the period fixed by law for the

compensation in which an employee is granted units representing shares of stock which are redeemable at a specified future date for the market value of an equivalent number of corporate shares but which in the interval are

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plan

2 : a detailed program ;esp : one made under chapter 13 of the Bankruptcy Code that places future earnings under the control of a trustee, provides for the payment of creditors, and is subject to approval

possibility of reverter

possibility of reverter :a future interest in property that is retained by the grantor of a conditional fee or determinable fee and by

posterity

posterity 1 : all of the lineal descendants of a person 2 : all future generations

predictive variables

part of the formula comprising elements of a credit-scoring model. These variables are used to predict a borrower's future credit performance. Source: U.S. Department of Housing and Urban Development

promise

a right to expect its fulfillment aleatory promise : a promise (as to compensate an insured individual for future loss) whose fulfillment is dependent on a fortuitous or uncertain event collateral promise : a promise usually to

prospective

prospective 1 : relating to or effective in the future [a statute's effect] 2 : likely to come about : expected to happen [ inability to perform the

remainder

intervening possessory estate (as a life estate) created at the same time and by the same instrument compare future interest at interest, reversion charitable remainder : a remainder in favor of a charity contingent remainder : a

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