remainder interest

remainder interest. The property that passes to a beneficiary after the expiration of an intervening income interest. • For example, if a grantor places real estate in trust with income to A for life and remainder to B upon A’s death, then B has a remainder interest.

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词条贡献者

译者Frank，毕业于英国一流的高级翻译学院，擅长翻译涉及交通物流领域的法律文件。