remainder definition

remainder

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.

remainder is in the Corporate, Commercial, & General Law and Real Estate & Buildings subjects.

remainder appears in the definitions of the following terms: reversion, surplus and foreclosure

remainder appears in these other term: charitable remainder trust

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