future interest

A property interest in which the privilege of possession or of other enjoyment is future and not present.

• A future interest can exist in either the grantor (as with a reversion) or the grantee (as with a remainder or executory interest). Today, most future interests are equitable interests in stocks and debt securities, with power of sale in a trustee.

— Also termed future estate; expectant estate; estate in expectancy; nonpossessory estate. Cf. present interest under INTEREST(2). [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Virginia，毕业于一所旨在培养高级翻译专业人才的翻译院校，专注翻译各类与国际贸易与投资监管有关的法律文件。