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Simple English definitions for legal terms

accelerated remainder

Read a random definition: Older Workers Benefit Protection Act (OWBPA)

A quick definition of accelerated remainder:

Accelerated remainder is a type of future interest in property that arises when the initial holder of the property dies or fails to fulfill certain conditions. It is given to a third person who is intended to take ownership of the property after the natural termination of the preceding estate. This type of remainder is called "accelerated" because it passes to the remainderman immediately, instead of waiting for the natural termination of the preceding estate. It is different from other types of remainders, such as vested remainder and contingent remainder, which have different conditions and requirements.

A more thorough explanation:

An accelerated remainder is a type of future interest in real property that arises in a third person who is intended to take after the natural termination of the preceding estate. It occurs when the gift to the preceding beneficiary fails, and the remainder passes to the remainderman. For example, if a grant is “to A for life, and then to B,” but A dies before B, B's future interest becomes an accelerated remainder.

Accelerated remainder is also known as remainder estate or estate in remainder. It is different from other types of remainders, such as vested remainder, contingent remainder, and cross-remainder, which have their own specific characteristics and conditions.

Overall, an accelerated remainder is a way to ensure that the property passes to a designated person after the initial beneficiary's death or failure to fulfill the conditions of the grant.

accelerated-reentry theory | Acceptable Identification of Goods and Services Manual

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i just want a cornell ii :(
13:37
yak you will be fucking shit up at cornell this time next year dw
i love u
13:38
love you too bby
glovediedthisishismom
13:42
what if desantis appoints lara trump and matt gaetz to be floridas senators
Dkk
13:42
Sounds good to me
HopefullyInLawSchool
13:43
@glovediedthisishismom: What if he appoint Ym instead?
HELP
every damn opportunity
13:47
do schools straight reject people from ed or to they always ed-rd if its a no for ED?
HopefullyInLawSchool
13:48
Some schools rject
13:49
Thanks! I couldn't find any reddit thread about it lol
13:49
but just means now I have to wait for the rejection from Davis
glovediedthisishismom
13:53
i just wanna rock
glovediedthisishismom
13:53
bodyadaya
13:53
let it rock
14:17
How are the vibes heading into thanksgiving yall?
HopefullyInLawSchool
14:17
@Law-Guy Im feeling kinda happy I applied YM to UCI hoping it helps (:
Wanna give some head
soap
14:18
Cornell
14:19
@HopefullyinLawSchool What's YM?
14:19
oh no
HopefullyInLawSchool
14:19
you mom
WorthlessAttractiveZombie
14:19
Ouch
HopefullyInLawSchool
14:19
your*
14:19
I fear I realized too late
babycat
14:20
another victim claimed
concorde
14:22
pwned
14:22
Might have to send in addendums for that
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