springing executory interest

Noun

Meaning

springing executory interest (plural springing executory interests)

(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 a springing executory interest because his graduation from law school directly divests Joe of ownership.

Source: en.wiktionary.org

Related terms

fee simple subject to executory interest shifting executory interest defeasible fee fee simple subject to executory limitation

Close letter words and terms

springing convertible springing cow springing durable power of attorney springing from springing line springing mydriasis