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Definition of springing executory interest in English English dictionary
- An interest in an estate in land created by the conditions of a grant wherein the grantor cuts short the grantor's own interest in the property in favor of the grantee, contingent upon the occurrence of a specific condition
Example: Joe gives land to Harry, if Harry graduates from law school. Harry has an springing executory interest because his graduation from law school directly divests Joe of ownership.
- springing executory interests
- plural form of springing executory interest
Related Terms
springing executory interest
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spring·ing ex·e·cu·to·ry in·ter·estPronunciation
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