executory interest
executory interest · executory interests
A third-party interest in an estate in land created by the conditions of a grant…A third-party interest in an estate in land created by the conditions of a grant wherein the grantor gives the land to a second party, but with said land going to a third party upon the occurrence of a condition; an interest created subject to a fee simple subject to executory interest.
Meaning
1 sensesA third-party interest in an estate in land created by the conditions of a grant wherein the grantor gives the land to a second party, but with said land going to a third party upon the occurrence of a condition; an interest created subject to a fee simple subject to executory interest.
Forms
plural: executory interests| Singular | executory interest |
|---|---|
| Plural | executory interests |
regular
Word family
1 related wordsRelateddefeasible fee