Legal Definition and Related Resources of Contingent Interest
Meaning of Contingent Interest
One which is uncertain either as to whom it will go or as to when it will occur.
Related Entries of Contingent Interest in the Encyclopedia of Law Project
Browse or run a search for Contingent Interest in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Contingent Interest in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Contingent Interest in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Contingent Interest in the Legal Abbreviations and Acronyms Dictionary.
Related Legal Terms
You might be also interested in these legal terms:
Mentioned in these terms
English Legal System: Contingent Interest
In the context of the English law, A Dictionary of Law provides the following legal concept of Contingent Interest : An interest that can only come into being upon the occurrence of a specified event (for example when A conveys land to B provided he marries). As a contingent interest can only come into being in the future, if at all, it cannot exist as a legal estate in land. Before 1997, such a transaction created a settlement to which the Settled Land Act 1925 applied. From 1997, such a transaction gives rise to a *trust of land under the Trusts of Land and Appointment of Trustees Act 1996. Contingent interests are consequently *equitable interests only.
Compare conditional interest; determinable interest.
Concept of Contingent Interest in the context of Real Property
A short definition of Contingent Interest: An interest subject to the occurrence of a specified but uncertain event.
Concept of Contingent Interest in the context of Real Property
A short definition of Contingent Interest: An interest subject to the occurrence of a specified but uncertain event.
Leave a Reply