wait and see

noun

Legal Definition of wait and see

: a doctrine in property law that postpones determining the question of validity of a future interest that has not yet vested (as a contingent remainder) until circumstances make clear whether or not the interest will vest within a time limit — compare rule against perpetuities

Note: A minority of states have adopted the wait and see doctrine.

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Cite this Entry

“Wait and see.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/wait%20and%20see. Accessed 28 Sep. 2020.

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