executory interest

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.] “What is an executory interest? Here is a pretty good definition: An executory […]

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.]