springing executory interest

İngilizce - İngilizce

springing executory interest teriminin İngilizce İngilizce sözlükte anlamı

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.

İlgili Terimler

springing executory interests

plural form of springing executory interest

Heceleme

spring·ing ex·e·cu·to·ry in·ter·est