springing executory interest

短语

词形变化

springing executory interests 复数 springing executory interests

释义与例句

n.
  1. 1.

    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.

    法律

    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.