单词 | remainder |
释义 | remainderDefinition Third-party's right to future enjoyment or ownership of a property, after it has been enjoyed or owned by a second party who receives it as the beneficiary of the first party's will or trust. For example, if A grants a property 'to B for life then to C' then C's interest in the property is a remainder. Unlike in a reversion, the property remains with C's heirs after his or her death. |
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