English - English
Definition of executory interests in English English dictionary
- plural form of executory interest
- executory interest
- An third party interest in an estate in land created by the conditions of a grant wherein the grantor gives the land to a second party, but with said land going to a third party upon the occurrence of a condition; an interest created subject to a fee simple subject to executory interest
Example: Joe gives land to Mike, but if Harry graduates from law school, to Harry. Harry has an executory interest which he can realize by graduating from law school; Mike owns the land subject to Harry's executory interest.
- shifting executory interests
- plural form of shifting executory interest
- springing executory interests
- plural form of springing executory interest
Related Terms
executory interests
Hyphenation
ex·e·cu·to·ry interestsPronunciation
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