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Potential

Black's Law Dictionary · Henry Campbell Black, M.A. · 1910

Black's Law Dictionary

Existing in possibility but 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.

See Campbell v. Grant Co.., 36 Tex. Civ. App. 641, 82 S. W. 796; Dickey v. Waldo, 97 Mich. 255, 56 N. W. 608, 23 In R. A. 449; Cole v. Kerr, 19 Neb. 553, 26 N. W. 598; Long v. Hines, 40 Kan. 220, 19 Pac. 796, 10 Am. St Rep. 192.