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[Anglo-French, from Old French remaindre to remain]
1 : an estate in property in favor of one other than the grantor that follows upon the natural termination of a prior intervening possessory estate (as a life estate) created at the same time and by the same instrument compare future interest at interest, reversion
: a remainder in favor of a charity
: a remainder that is to take effect in favor of an unidentifiable person (as one not yet born) or upon the occurrence of an uncertain event called also executory remainder
: either of two or more remainders in favor of two or more persons so that upon the termination of one remainder that share goes to the other or others
: contingent remainder in this entry
remainder vested subject to open
: a vested remainder that is subject to diminution by the shares of other remaindermen (as children born later)
: a remainder in the favor of an ascertained person who has a present interest and is entitled to take possession upon the termination of the prior estate
2 : that which remains or is left
: the property in a decedent's estate that is not otherwise devised or bequeathed [I leave the rest, residue, and of my estate to my son Michael]
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.