English Dictionary

shifting 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 the occurrence of a condition divesting the second party of the land in favor of the third party.

日本語の意味

第三者が権利を得る不動産権。これは、譲渡条件によって設定され、譲受人に土地が与えられるものの、特定の条件が発生するとその土地の所有権が第三者に移る権利形態を指す。

The lawyer explained that the property would pass to the third beneficiary under a shifting executory interest if the specified contingency occurred.

弁護士は、指定された偶発事由が発生した場合に現在の譲受人の権利を剥奪して第三者に移転するという条件付きの将来利益に基づき財産が第三受益者に移ると説明した。

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 the occurrence of a condition divesting the second party of the land in favor of the third party.

Joe gives land to Mike, but if Harry graduates from law school, to Harry. Harry has an shifting executory interest because his graduation from law school divests Mike of ownership.

shifting executory interests （ plural ）