springing use

A use that arises on the occurrence of a future event.

• In the following example, B has a springing use that vests when B marries: “to A for the use of B when B marries.”

— Also termed executory use. [Cases: Trusts 131; Wills 625. C.J.S. Trover and Conversion § 241; Wills§§ 1314–1317, 1319.]

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词条贡献者

译者Terence，毕业于国内顶尖法学院，擅长翻译各种与复杂结构性融资相关的法律文件。