VESTED REMAINDER
\vˈɛstɪd ɹɪmˈe͡ɪndə], \vˈɛstɪd ɹɪmˈeɪndə], \v_ˈɛ_s_t_ɪ_d ɹ_ɪ_m_ˈeɪ_n_d_ə]\
Definitions of VESTED REMAINDER
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An unconditional right to receive real property at some point in the future. A vested interest may be created by a deed or a will. For example, if Julie's will leaves her house to her daughter, but the daughter gains possession only after Julie's husband dies, the daughter has a vested remainder in the house.
By Oddity Software
