Future Interest - Law Dictionary Search Results
Home Dictionary Name: future interestfuture interest
future interest see interest … future interest see interest
interest
property a beneficial interest in the trust contingent interest a future interest whose vesting is dependent upon the occurrence or nonoccurrence … computed on the sum of the original principal and accrued interest legal interest a lawful interest rate and esp the highest
Vested in interest
a legal term applied to a present fixed right of future enjoyment as reversions vested remainders such executory devises future uses … such executory devises future uses conditional limitations and other future interests the present right of which is not referred to or
Executory devise
in the strict sense of that word and therefor every future bequest of personal property whether it be preceded or not … devise as to operate as a contingent remainder such an interest is not an executory devise but a contingent remainder executory
Remainder
contingent remainders cross remain ders vested remainder executory devise a future interest arising in third person that is some one other … particular estate after 1925 remainders can operate only as equitable interests and in that manner they can be created in respect
Springing use
1925 which also converted executory as well as all other future interests in land in to equitable interests and even before … as all other future interests in land in to equitable interests and even before 1926 where the executory devise shifting or
Interest
a term or chattel real and more particularly for a future termed or in pleading interesse termini ex vi termini it … by their definition of justices express the implied disqualification by interest so with an extension and an exception does s 40
statutory rule against perpetuities
statute setting forth the requirements for the vesting of a future interest in property and superseding the common law rule against … setting forth the requirements for the vesting of a future interest in property and superseding the common law rule against perpetuities
Future estates
future estates expectancies which are at common law of two kinds … if in land these are now referred to as equitable interests by the l p act 1925 and are no longer
Real Property Act, 1845
interest in land and a right of entry whether immediate future vested or contingent may be disposed of by deed when … leases must be by deed a contingent executory and future interest in land and a possibility coupled with an interest in
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