Future Interest - Law Dictionary Search Results
Financial asset
beneficial interest in property, whether movable or immovable, or in such debt, receivables, whether such interest is existing, future, accruing, conditional or contingent; or (vi) any financial assistance. [Securitisation and Reconstruction of Financial Assets and Enforce-ment of
Coparceners or parceners
sold as equitable interests under s. 39 and the 1st Sched. Part I. of the Act. Further the future creation of equitable interests in coparcenary has been prevented by (English) A.E. Act, 1925, s. 45, which abolished … to all the daughters equally. Coparceners had a unity though not an entirety, or necessarily an equality, of interest; if there were tow only, each was properly entitled to the whole of a distinct moiety; and being
Rent
incident to it, as at the lest, fealty. (2) Rent-charge, where the owner of the rent has no future interest or reversion in the land. It is usually created by deed or will, and was accompanied by express
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remainder
intervening possessory estate (as a life estate) created at the same time and by the same instrument compare future interest at interest, reversion charitable remainder : a remainder in favor of a charity contingent remainder : a remainder
assignment
and transferred to the assignee equitable assignment : an assignment (as of property in which one has a future interest) that is not valid at law but that would be upheld in a court of equity general assignment
Vested
present or prospective, has become property of some particular person or persons as present interest; mere expectancy of future benefits, or contingent interest in property founded on anticipated continuance of existing laws, does not constitute vested rights.
wait and see
wait and see : a doctrine in property law that postpones determining the question of validity of a future interest that has not yet vested (as a contingent remainder) until circumstances make clear whether or not the interest
accelerate
payment of the debt in full is due immediately see also acceleration clause b : to cause (a future interest in property) to vest by removing the preceding interests (as by failure or premature termination) vi : to
Executory limitation
Executory limitation. A limitation of a future interest by deed or will; if by will, it is also called an executory devise. The (English) Conveyancing Act,
vest
the appeals court] ;specif : to give to a person a fixed and immediate right of present or future enjoyment of (as an estate) [an interest ed in the beneficiary] b : to grant or endow with
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