1. An event that may or may not happen.
2. A contingent interest in real or personal property.
bare possibility. See naked possibility.
naked possibility. A mere chance or expectation that a person will acquire future property. • A conveyance of a naked possibility is usu. void for lack of subject matter, as in a deed conveying all rights to a future estate not yet in existence.
— Also termed bare possibility; naked expectancy. [Cases: Assignments
8. C.J.S. Assignments §§ 17–18.]
possibility coupled with an interest. An expectation recognized in law as an estate or interest, as occurs in an executory devise or in a shifting or springing use. • This type of possibility may be sold or assigned. [Cases: Assignments
9. C.J.S. Assignments § 16.]
possibility on a possibility. See remote possibility.
remote possibility. A limitation dependent on two or more facts or events that are contingent and uncertain; a double possibility.
— Also termed possibility on a possibility. [Cases: Wills
7. C.J.S. Wills §§ 58, 63–64, 68.]
