Meaning of shifting 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 the occurrence of a condition divesting the second party of the land in favor of the third party.
Examples
“Joe gives land⟳ "to Mike, but if Harry graduates from law school, to Harry". Harry has an shifting executory interest⟳ because his graduation from law school divests Mike of ownership.”
CEFR level
C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
This word is part of the CEFR C1 vocabulary — advanced level.
Know this word better than we do? Language is a living thing — help us keep it growing. Collaborate with Babel Free