Meaning of springing executory interest | Babel Free
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.
This word is part of the CEFR C1 vocabulary — advanced level.