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Springing executory interest

Related Terms:

executory interest grant shifting executory interest fee simple subject to executory interest grantor estate in land fee simple subject to executory limitation condition defeasible fee

Noun

Definition: An interest in an estate in land created by the conditions of a grant wherein the grantor cuts short the grantor's own interest in the property in favor of the grantee, contingent upon the occurrence of a specific condition.

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