Legal Definition and Related Resources of Expectant Heir
Meaning of Expectant Heir
A person who has a vested or contingent remainder in property or who hopes to succeed to property, and is tempted to make improvident bargains in such hope and thereby needs the protection of the court .
Expectant Heir Alternative Definition
An expectant heir, in the language of equity, is a person who has a reversionary right or hope or succession to property. Where he has but little or n6 property immediately available, and is exposed to the temptation of selling or mortgaging his right or expectation on unreasonable terms (e. g., for much below its value, or at a usurious rate of interest) , he is considered as entitled to the protection of the court against the enforcement of such “catching bargains,” as they are called.
Related Entries of Expectant Heir in the Encyclopedia of Law Project
Browse or run a search for Expectant Heir in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Expectant Heir in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Expectant Heir in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Expectant Heir in the Legal Abbreviations and Acronyms Dictionary.
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| Expectant Heir in the Dictionary | Expectant Heir in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Expectant Heir |
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| Related topics | Expectant Heir in the World Encyclopedia of Law |
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This definition of Expectant Heir is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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English Legal System: Expectant Heir
In the context of the English law, A Dictionary of Law provides the following legal concept of Expectant Heir : A person who has an interest in remainder or in reversion in property or a chance of succeeding to it (interest in expectancy). An unconscionable contract with an expectant heir (e.g. in which he sells his inheritance at an undervalue in order to raise cash) may be set aside by the court.
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