remainder subject to open

A vested remainder that is given to a class of persons whose numbers may change over time and that is to be shared equally by each member of the class.

• An example is “to A for life, and then equally to all of B’s children.” The class must have at least one member, but more can be added over time.

— Also termed remainder subject to partial divestment; remainder vested subject to open.

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词条贡献者

资深译员Lynn，知名国际商学院金融专业，专注翻译各种与贷款人责任及其他银行业与金融机构诉讼有关的法律文件。