executory interest

名词 n.
中文释义

英文释义

名词 n.
  1. A third-party interest in an estate in land created by the conditions of a grant wherein the grantor gives the land to a second party, but with said land going to a third party upon the occurrence of a condition; an interest created subject to a fee simple subject to executory interest.
    — Joe gives land "to Mike, but if Harry graduates from law school, to Harry". Harry has an executory interest which he can realize by graduating from law school; Mike owns the land subject to Harry's executory interest.

词形变化

executory interests plural
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