An estate or interest in land which comes into being upon the termination of an existing estate or interest. When a grantor conveys a life estate to “A” with remainder to “B”, it means that “A” has a part of the absolute title and “B” has the remainder. Also, that “A” will own the property during his natural life, but at his death, instead of the property going to “A’s” heirs or devisees, it goes to “B”.