- executory limitation
- Same as executory interest.
Ballentine's law dictionary. Anderson, W.S.. 1998.
executory limitation
Look at other dictionaries:
executory limitation — n: a limitation that creates an executory interest a fee simple subject to an executory limitation see also executory interest at interest Merriam Webster’s Dictionary of Law. Merriam Webster … Law dictionary
executory limitation — A limitation of a future interest by deed or will; if by will, it is also called an executory devise … Black's law dictionary
executory limitation — A limitation of a future interest by deed or will; if by will, it is also called an executory devise … Black's law dictionary
executory limitation — noun : a dispositive provision that becomes effective by divesting a prior interest … Useful english dictionary
executory — ex·ec·u·to·ry /ig ze kyə ˌtōr ē/ adj: designed or of such a nature as to be performed in the future or to take effect on a future contingency cancellation of the executory portion of the contract J. J. White and R. S. Summers compare contingent… … Law dictionary
limitation — lim·i·ta·tion n 1 a: restriction a limitation on the rights of ownership b: a statement or stipulation in a deed or will placing limits on the disposition of an estate or interest esp. in regard to duration or heirs see also word … Law dictionary
fee simple subject to executory limitation — noun Alternate name for a fee simple subject to executory interest … Wiktionary
executory interest — noun An third party interest in an estate in land created by the conditions of a grant wherein the grantor gives the land to a second party, but with said land going to a third party upon the occurrence of a condition; an interest created subject … Wiktionary
limitation — In the broad sense a limit. In a technical sense, a clause or provision in deed, grant, or will which states a condition of the grant or devise, especially a condition which terminates an estate without act performed by the taker of the next… … Ballentine's law dictionary
executory interest — noun : an interest that takes effect through an executory limitation … Useful english dictionary
