remainderman

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Remainderman

One who receives the principal of a trust when it is dissolved.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Remainder Man

The person or organization that receives what remains of a trust at its dissolution. That is, once all obligations to the beneficiary have been satisfied and all expenses have been paid, the remainder man receives the rest of the assets in the trust. The remainder man only receives these assets at the end of the trust's life; it may or may not be the same person as the trustor.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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 for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.