springing executory interest

Английский Язык - Английский Язык

Определение springing executory interest в Английский Язык Английский Язык словарь

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

Example: Joe gives land to Harry, if Harry graduates from law school. Harry has an springing executory interest because his graduation from law school directly divests Joe of ownership.

Связанные Термины

springing executory interests

plural form of springing executory interest

Расстановка переносов

spring·ing ex·e·cu·to·ry in·ter·est