Springing-executory-interest Definition

noun

(law) 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.

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.
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Other Word Forms of Springing-executory-interest

Noun

Singular:
springing-executory-interest
Plural:
springing-executory-interests

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