Legal Definition and Related Resources of Expectancy
Meaning of Expectancy
The interest of one who merely foresees or expects that he may receive a future benefit but has no present enforceable right to same. The bare hope of succession to the property of another such as may be entertained by an heir apparent . An interest in expectancy is therefore called an inchoate interest.
Expectancy Alternative Definition
The condition of being referred to a future time, or of dependence upon an expected event; contingency as to possession and enjoyment. An estate giving a present or vested contingent right of future enjoyment; one in which the right of pernancy of the profits is postponed to some future period. Of expectancies there are two sorts one created by the act of the parties, called a “remainder;” the other by act of law, called a “reversion.” 187 111. 58. See “Estates.” A mere hope unfounded in any limitation, provision, trust, or legal act whatever; such as the hope which an heir apparent has of succeeding to the ancestors’ estate. Jeffers V. Lampson, 10 Ohio St. 106.
Related Entries of Expectancy in the Encyclopedia of Law Project
Browse or run a search for Expectancy 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.
Expectancy in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Expectancy in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Expectancy in the Legal Abbreviations and Acronyms Dictionary.
Related Legal Terms
You might be also interested in these legal terms:
Mentioned in these terms
Actuary, Estate In Expectancy, Estate In Possession.
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Expectancy in the Dictionary | Expectancy in our legal dictionaries | Browse the Legal Thesaurus | Find synonyms and related words of Expectancy |
Legal Maxims | Maxims are established principles that jurists use as interpretive tools, invoked more frequently in international law |
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Related topics | Expectancy in the World Encyclopedia of Law |
Notice
This definition of Expectancy is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.
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Expectancy
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