Meaning of executory interest | Babel Free
Definitions
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.
Examples
“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⟳.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
See also
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