springing executory interest Englisch

Bedeutung springing executory interest Bedeutung

Was beudeutet auf Englisch springing executory interest?

springing executory interest noun

— (legal) 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.

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springing | executory | interest