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. |