power of termination

power of termination. A future interest retained by a grantor after conveying a fee simple subject to a condition subsequent, so that the grantee’s estate terminates (upon breach of the condition) only if the grantor exercises the right to retake it. — Also termed right of entry; right of reentry; right of entry for breach of condition; right of entry for condition broken. See fee simple subject to a condition subsequent under FEE SIMPLE. Cf. POSSIBILITY OF REVERTER . [Cases: Deeds 159. C.J.S. Deeds § 320.]

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词条贡献者

资深译员Lisa，毕业于一所培养高级翻译以及跨文化事务专家的精英大学，专注翻译各种与私募股权与投资基金有关的法律文件。