Expectancy
/ɪkˈspɛktənsi/
Definitions
- (n.) A future interest in property that may become possessory if a certain condition is met.
The heir has an expectancy in the estate upon the current owner's death.
- (n.) A legal right or claim that is not yet possessory but is likely to be realized.
She holds an expectancy to inherit the trust fund.
Forms
- expectancies
Related terms
See also
Commentary
Expectancy differs from a vested interest as it is not presently enforceable but depends on a future event.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.