contingent estate

Definition of "contingent estate"
  1. A type of property ownership that only takes effect upon the occurrence or non-occurrence of a specific, uncertain event
How to use "contingent estate" in a sentence
  1. The potential inheritor will only receive the contingent estate if he graduates from college.
  2. The contingent estate will pass to the beneficiary if the current owner does not marry before the age of 30.
  3. In the will, the testator left his daughter a contingent estate which is dependent on her finishing her medical degree.

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