- life interest
- An interest in property which is to terminate upon the death of the holder of the interest, or upon the death of some other designated person. See life estate.
Ballentine's law dictionary. Anderson, W.S.. 1998.
life interest
Look at other dictionaries:
life interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. life interest n … Law dictionary
Life interest — Life Life (l[imac]f), n.; pl. {Lives} (l[imac]vz). [AS. l[imac]f; akin to D. lijf body, G. leib body, MHG. l[imac]p life, body, OHG. l[imac]b life, Icel. l[imac]f, life, body, Sw. lif, Dan. liv, and E. live, v. [root]119. See {Live}, and cf.… … The Collaborative International Dictionary of English
life interest — n. interest (in property) that is payable during a person s lifetime, but which cannot be passed on to another at death … English World dictionary
Life interest — A life interest (or life rent in Scotland) is some form of right under a trust which lasts only for the lifetime of the person benefiting from that right. A person with a life interest is known as a life tenant.A life interest ends when the life… … Wikipedia
life interest trust — A type of private trust where the life tenant is entitled to receive for life or a fixed period all or a fixed share of the income generated by the trust fund. On his death, the right to trust income will pass to another or the trust may come to… … Law dictionary
life-interest — lifeˈ inˈterest noun An interest lasting during a life • • • Main Entry: ↑life … Useful english dictionary
life interest — interest on property that is payable during the owner s lifetime but cannot be passed on to another or others after his or her death. * * * … Universalium
life interest — /laɪf ˈɪntrəst/ (say luyf intruhst) noun an entitlement, lasting for one s lifetime only, to benefits, dividends or interest from an investment, property, etc …
life interest — noun Law a right to property that a person holds for life but cannot dispose of further … English new terms dictionary
life interest — noun see life estate … Useful english dictionary
