Definition of vested remainder subject to open
Noun
vested remainder subject to open (plural vested remainders subject to open)
- (law) A future interest held by a member of a class, for which the interest is certain to vest, but for which new members may enter the class before the interest vests, thereby reducing each members share of the total interest.
References:
- Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.
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