Future Interest
Definition of "Future interest"
An interest in property with the right o possession being postponed into the future until a certain even occurs. There are several possibilities where a future interest in property could occur. One possibility is a present life estate which will pass to another individual having a future interest as a fee simple estate. Other opportunities for a future interest occur with a reversion and/or a remainder.
Popular Real Estate Terms
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Something that is illegal. An example is an unenforceable debt because it has exceeded the statute of limitations. ...
Legal rule, principle, or tenet. ...
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Exchange of products or property between individuals in which no cash is paid. ...
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