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springing executory interest
English
Meaning
springing executory interest
meaning
What does
springing executory interest
mean?
springing executory interest
noun
—
(
legal
)
An
interest
in
an
estate
in
land
created
by
the
conditions
of
a
grant
wherein
the
grantor
cuts
short
the
grantor
'
s
own
interest
in
the
property
in
favor
of
the
grantee
,
contingent
upon
the
occurrence
of
a
specific
condition
.
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