Contingent interest

Definition
: a future interest whose vesting is dependent upon the occurrence or nonoccurrence of a future event
compare vested interest in this entry



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Based on Merriam-Webster's Dictionary of Law ©2001.
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promissory estoppel

an estoppel that prevents a promisor from denying the existence of a promise when the promisee reasonably and foreseeably relies on the promise and to his or her loss acts or fails to act and suffers an injustice that can only be avoided by enforcement of the promise


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