Remainder Definition and Legal Meaning
On this page, you'll find the legal definition and meaning of Remainder, written in plain English, along with examples of how it is used.
What is Remainder?
(n) Remainder is the interest in a property on the conclusion of the existing interest in that property. Example: If a trust is formed by placing his aged mother as beneficiary with containing a provision that the property will revert back to him on her death then the executioner of the trust is possessing remainder interest in such property