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Meaning of springing executory interest | Babel Free

Noun CEFR C1

Definitions

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.

Examples

“Joe gives land "to Harry, if Harry graduates from law school". Harry has a springing executory interest because his graduation from law school directly divests Joe of ownership.”

CEFR level

C1
Advanced
This word is part of the CEFR C1 vocabulary — advanced level.
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