remainderman

See also: remainder-man

English

Etymology

remainder +‎ -man

Noun

remainderman (plural remaindermen)

  1. (law) A person entitled to receive a remainder interest in any property.
  2. (law) A person entitled to the assets of a trust at the end of some specified period or after some event. For instance a man's will might put his assets into a trust with the income to go to his wife until she dies (being a life interest), at which time the capital (remainder interest) goes to their children. The children are remaindermen.

References
  • Family Financial Affairs, Nick Renton, 2001, →ISBN, page 33.
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