springing interest
An interest in property that will take effect in the future, at a specific time or when a specific event occurs. For example, a will or deed might give someone the right to use property for life and direct that ownership of the property then pass to someone else.
Category: Real Estate & Rental Property
Category: Wills, Trusts & Estates

Nolo’s Plain-English Law Dictionary. . 2009.

springing interest
n.
   a future right to title to real property created by a deed or will. Example: "I give title to my daughter Mabel for her lifetime, and, on her death, title to my grandson Rex." Rex has a springing interest in the property.
   See also: future interest, interest, title

Law dictionary. . 2013.

Look at other dictionaries:

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