n. a future right to title to real property created by a deed or will. Example: "I give title to my daughter Mabel for her lifetime, and, on her death, title to my grandson Rex." Rex has a springing interest in the property.
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(n) Springing interest is the expected right in a property which may arise on the occurrence of a specified future event. For example a deed of trust transferring a property to Mr. Rex in the event he marries Anna
Found on
http://www.encyclo.co.uk/local/21213
An interest in property that will take effect in the future, at a specific time or when a specific event occurs. For example, a will or deed might give someone the right to use property for life and direct that ownership of the property then pass to someone else.
Found on
http://www.nolo.com/dictionary/springing-interest-term.html
No exact match found.
