springing executory interests

listen to the pronunciation of springing executory interests
English - English
plural form of springing executory interest

Related Terms

springing executory interest
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.