Definition from Nolo’s Plain-English Law Dictionary
An interest that a party will receive only if specific conditions occur. For example, Bill leaves his "interest in The Centerville Cafe to Sarah, if she is still living in Centerville." If Sarah is not living in Centerville when Bill dies, she will not receive his interest in the cafe.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:13 pm