WAIT-AND-SEE PRINCIPLE

wait-and-see principle. A modification to the rule against perpetuities, under which a court may determine the validity of a contingent future interest based on whether it actually vests within the perpetuities period, rather than on whether it possibly could have vested outside the period. — Also termed second-look doctrine. [Cases: Per-petuities 4. C.J.S. Perpetuities §§ […]