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remainder man

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re⋅main⋅der⋅man

  [ri-meyn-der-muhn]
Use remainder man in a Sentence
–noun, plural -men. Law.
a person who owns a remainder.
Origin:
1735–45; remainder + man 1
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

Remainder Man

The person who receives the principal remaining in a trust account after all other required payments have been made, such as those to the beneficiary and expenses.

Investopedia Commentary

The remainder man may exercise the right to hold and use the property in the trust only after the trust has been completely dissolved.

See also: Beneficiary, Principal, Trust

Also spelled: remainderman, remainder men.

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

remainderman

A person or organization that is to receive the remaining interest in a property or estate after prior interests have been satisfied.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: re·main·der·man
Pronunciation: ri-'mAn-d&r-m&n
Function: noun
Inflected Form: plural -men /-"men, -m&n/
: one who has received or is to or may receive a remainder
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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