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What is a remainderman?

What is a remainderman? Here are some definitions.

Noun
  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.
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Examples
The holder of this interest is known in legal terms as a remainderman.
This statement is of great importance in common law since the property could, inter alia, be vested indefeasibly in a remainderman, i.e., a holder of a remainder estate.
A remainder vests if, at the time it is created, the remainderman exists and is ascertainable, and no condition need first occur to identify him.
And Romney as remainderman is not a function of mere circumstance, but an artifact of explicit calculation.

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