So when she decided to sell the property last year, in addition to owing more than $115,000 in principal and $117,000 in interest, she owed the lender $223,000 in "contingent interest," an amount equal to half the $446,000 appreciation in her home's value.
A contingent remainder interest shall not be treated as an irrevocable remainder interest for purposes of this subparagraph.
So although the duchy belongs to the Prince of Wales, who is also the Duke of Cornwall, there is a theoretical possibility that it could revert to the sovereign, who therefore has a contingent personal interest in matters that affect the property of the duchy.
The Court of Appeals found that the contingent remainder was alienable, and that Allen could "lawfully alienate her future contingent interest in fee" without destroying Albro's right of survivorship.
In this paper, we considered the pricing of credit contingent interest rate swap (CCIRS) or credit contingent default swap (CCDS).
In "Credit contingent interest rate swap" section, we establish that the pricing problem of CCIRS is equivalent to a CVA problem for interest rate swap.
Berkshire was to pay 70 cents on the dollar for the senior notes, which would have matured in 2009 with contingent interest due in 2016.
In this paper, we considered the pricing of credit contingent interest rate swap (CCIRS) or credit contingent default swap (CCDS), which is considered the CVA hedge for interest rate swaps (IRS).
Kushner's lawyer, WilmerHale partner Blake Roberts, however, defended his client's claim of "divestment" for three reasons — he had already sold his ownership stake, he wasn't aware of the contingent interest, and the contingent interest was worthless anyway because it was connected to a prior version of the project.
The monarch's explicit "I will" is thus needed to close this recognitive circle, lest legislation look like a mechanical compromise resulting from a clash of contingent interests, and so as actively willed by nobody.
