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POTENTIAL

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Existing in possibility out not In act; naturally and probably expected to come into existence at some future time, though not now existing; for example, the future product of grain or trees already planted, or the successive future Instalments or payments on a contract or engagement already made. Things having a “potential existence” may be the subject of mortgage assignment, or sale. Potest quis renunciare pro se et suis juri quod pro se introdnotunt est. Bract 20. One may relinquish for himself and his heirs a right which was introduced for his own benefit.

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