MLchartDataset catalogue

Contingent ownership

Term · Law · MLC-T-LAW-001263

A form of property ownership where the right to possess or control an asset is dependent on the occurrence of a future, uncertain event. The owner's title is not absolute until the specified condition is satisfied. This concept is often found in trusts or wills where ownership transfers upon a specific life event.

Table 1. Record
IdentifierMLC-T-LAW-001263
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-001263",
  "term": "Contingent ownership",
  "field": "Law",
  "definition": "A form of property ownership where the right to possess or control an asset is dependent on the occurrence of a future, uncertain event. The owner's title is not absolute until the specified condition is satisfied. This concept is often found in trusts or wills where ownership transfers upon a specific life event.",
  "url": "https://mlchart.com/terminology/law/contingent-ownership/"
}

Record 1,109 of 5,441 in Law terminology (MLC-0107). Request the full dataset.