contingent beneficial interest
Definition
Right or share in an asset that passes on to a beneficiary only if a specified condition or event occurs. Since such interests are only partially in existence (are inchoate) and are unvested, they cannot be attached by a court order, and do not incur gift tax.
contingent beneficial interest is in the Accounting & Auditing, Corporate, Commercial, & General Law, Investing and Real Estate & Buildings subjects.
contingent beneficial interest appears in the definition of the following term: beneficial interest
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