| 单词 | titanic clause |
| 释义 | > as lemmasTitanic clause Titanic clause n. North American Law slang a clause specifying how the testator's estate should be disposed in the event that all primary and contingent beneficiaries die before probate.So called because the possibility of such a scenario entered the public consciousness as a result of the Titanic disaster. ΚΠ 1915 N.Y. World 3 Aug. 5/4 When he executed his will on March 16, 1914, Joseph E. Greenfield inserted what is known as a ‘Titanic’ clause, which anticipated the possibility of the testator and his wife meeting death together in a catastrophe. 2017 Daily Cardinal (Univ. Wisconsin–Madison) (Nexis) 30 Jan. 1 Under the Titanic clause, you will name a final beneficiary to receive all of your assets in the event that none of your previous beneficiaries lives to collect them. < as lemmas |
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