English - English
Definition of shifting executory interest in English English dictionary
- A 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 the occurrence of a condition divesting the second party of the land in favor of the third party
Example: Joe gives land to Mike, but if Harry graduates from law school, to Harry. Harry has an shifting executory interest because his graduation from law school divests Mike of ownership.
- shifting executory interests
- plural form of shifting executory interest
Related Terms
shifting executory interest
Hyphenation
shifting ex·e·cu·to·ry in·ter·estPronunciation
Resimler
Favorites