future interest

future interest definition - business

future interest

The right to an ownership interest in real property on some specific date in the future. For example, a woman might leave her valuable jewelry to her granddaughter, but only after the death of her daughter. The granddaughter has a future interest in the jewelry.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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