Springing-executory-interest Definition
noun
(law) 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.
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.
Wiktionary
Other Word Forms of Springing-executory-interest
Noun
Singular:
springing-executory-interest
Plural:
springing-executory-interests
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