Simple English definitions for legal terms
Read a random definition: International Court of Justice
Remainder
A future interest in a third person who is intended to take after the natural termination of the preceding estate. For example, if a grant is “to A for life, and then to B,” B's future interest is a remainder. If there is only one preceding estate and the remainder vests on that estate's expiration, the remainder is also termed an executed estate.
There are different types of remainders:
Remainders can be created by a will or a deed. They are important in estate planning and property law.