English Dictionary

executory interest

名詞

(law) A 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.

日本語の意味

（法）譲渡条件に基づき、不動産に設定された第三者の権利。具体的には、譲渡者が不動産を第二の当事者に与える際、特定の条件が生じた場合にその権利が第三者に移転するように定められた将来的な権益

The grantor conveyed the farmland to B but created an executory interest in favor of C that would cause the land to pass to C if B failed to cultivate it.

譲渡人は農地をBに譲渡したが、Bが耕作を怠った場合に土地がCに移るという条件付第三者取得権をCに与えた。

意味（1）

(law) A 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.

Joe gives land to Mike, but if Harry graduates from law school, to Harry. Harry has an executory interest which he can realize by graduating from law school; Mike owns the land subject to Harry's executory interest.

executory interests （ plural ）