• Definition for "executory interest"
    • An third celebration fascination with an estate in…
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  • Etymologically Related for "executory interest"

executory interest definition

  • noun:
    • An third celebration fascination with an estate in land produced by the circumstances of a grant wherein the grantor provides the land to an extra party, however with said land gonna a third party upon the occurrence of a disorder; an interest produced subject to a fee simple susceptible to executory interest.
    • An third party curiosity about an estate in land developed by the circumstances of a grant wherein the grantor provides the land to an additional celebration, but with said land probably an authorized upon the occurrence of a disorder; an interest produced susceptible to a fee easy subject to executory interest.
    • An third celebration fascination with an estate in land developed by the circumstances of a grant wherein the grantor gives the land to a second party, however with said land planning a 3rd party upon the incident of a condition; a pastime created at the mercy of a fee simple at the mercy of executory interest.
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