Meaning of life interest | Babel Free
Definitions
A right, typically in the form of regular income, that lasts for the lifetime of the person benefiting from that right.
Examples
“Under this Will you will perceive that you take a life-interest in about half of the late Mr. Vincey's property, now invested in Consols, subject to your acceptance of the guardianship of his only son, Leo Vincey, at present an infant, aged five.”
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.