Contingent Interest

Business, Legal & Accounting Glossary

Definition: Contingent Interest




What is the dictionary definition of Contingent Interest?

Dictionary Definition


n. an interest in real property which, according to the deed (or a will or trust), a party will receive only if a certain event occurs or certain circumstances happen. Examples: surviving a person who had a life estate (the right to use the property for his/her life), or having children at the time such a life estate ends.


Full Definition of Contingent Interest


A person has a ‘contingent interest’ in some property if there is a possibility that a real interest in that property will come to him at some point in the future. If, for example, person A makes a Will leaving his house to whichever of my children marries first, then the children have contingent interests. See vested interest for a more detailed discussion.


Cite Term


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Modern Language Association (MLA):
Contingent Interest. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 23, 2021 https://payrollheaven.com/define/contingent-interest/.
Chicago Manual of Style (CMS):
Contingent Interest. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/contingent-interest/ (accessed: September 23, 2021).
American Psychological Association (APA):
Contingent Interest. PayrollHeaven.com. Retrieved September 23, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/contingent-interest/

Definition Sources


Definitions for Contingent Interest are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 6 Views.