Indestructibility
Definition of "Indestructibility"
- Characteristic of a trust that prevents the invasion of its principal by the trustees while providing a lifetime income to its principal beneficiary with the rest going to the son's children or to the daughter's children in the event the son fails to have children.
- Characteristic of a material or of a design causing it to be extremely durable even under the most extreme circumstances. For example, a bomb shelter is designed to have a high level of destructibility in order to protect its occupants under the most extreme wartime conditions.
Popular Real Estate Terms
Long, one-story house with the roof sloping toward the ground, often having skylights and contemporary windows. ...
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Records maintained as evidence of ownership of the home and any of its contents. ...
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Degree of completion or accomplishment such as a home that is 70% completed. Condition of real property. Position of an item. Legal standing such as of a case. ...
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See before-tax cash flow; cash flow. ...
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