executory interest

A future interest, held by a third person, that either cuts off another’s interest or begins after the natural termination of a preceding estate. Cf. REMAINDER. [Cases: Estates in Property 1. C.J.S. Estates §§ 2–5, 8, 15–21, 116–128, 137, 243.]

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词条贡献者

法律翻译Jian，毕业于新加坡知名法学院，专注翻译各类与证券诉讼有关的法律文件。