Executory Interest definitions

Executory Interest

n. If certain events occur, the passing of an interest in property to another in the future.
Found on http://www.encyclo.co.uk/local/21213

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Executory Interest

An interest in property (particularly real estate) that will pass to another only if certain events occur.
Found on http://www.nolo.com/dictionary/executory-interest-term.html

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