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Definition of Executory interest
1. Noun. (legal) 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 to a fee simple subject to executory interest. ¹
¹ Source: wiktionary.com
Lexicographical Neighbors of Executory Interest
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