defeasible remainder

Definition of "defeasible remainder"
  1. A vested right someone may have in a property which can be lost on the occurrence of a specific event
How to use "defeasible remainder" in a sentence
  1. The land was given to the cousin as a defeasible remainder with the condition of maintaining its agricultural use.
  2. He held a defeasible remainder in his parent's house, which was conditional upon his graduation.
  3. The will stated that the family farm would become a defeasible remainder if it was not used solely for agricultural purposes.

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