Vested Remainder

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Definition: Vested Remainder

Vested Remainder

Quick Summary of Vested Remainder

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.

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What is the dictionary definition of Vested Remainder?

Dictionary Definition

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.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/vested-remainder/
Modern Language Association (MLA):
Vested Remainder. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
November 29, 2023 https://payrollheaven.com/define/vested-remainder/.
Chicago Manual of Style (CMS):
Vested Remainder. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/vested-remainder/ (accessed: November 29, 2023).
American Psychological Association (APA):
Vested Remainder. PayrollHeaven.com. Retrieved November 29, 2023
, from PayrollHeaven.com website: https://payrollheaven.com/define/vested-remainder/

Definition Sources

Definitions for Vested Remainder 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: 23rd April, 2020 | 0 Views.