future interest

future interest
In property law and real estate, a legal right to property ownership which will vest in the future, but which does not include the right to present possession or enjoyment of the property.

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  • future interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. future interest …   Law dictionary

  • Future interest — This article is about the legal concept of future interests in property. For the actuarial valuation of future streams of income, see Future interests (actuarial science) …   Wikipedia

  • future interest — noun or future estate : an interest or estate in property limited or created so that its owner will come into the use, possession, or enjoyment of it at some future time : estate in expectancy …   Useful english dictionary

  • interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim …   Law dictionary

  • future estate — A claim on property, real or personal, that will begin at some point in the future. A future interest allows the grantor to retain the right to use that property until the specified transfer date. Future interest agreements are often used by… …   Law dictionary

  • interest — The most general term that can be employed to denote a right, claim, title, or legal share in something. In its application to real estate or things real, it is frequently used in connection with the terms estate, right, and title. More… …   Black's law dictionary

  • interest — The most general term that can be employed to denote a right, claim, title, or legal share in something. In its application to real estate or things real, it is frequently used in connection with the terms estate, right, and title. More… …   Black's law dictionary

  • future interests — Interests in real or personal property, a gift or trust, or other things in which the privilege of possession or of enjoyment is in the future and not present. Commissioner of Internal Revenue v. Wells, C.C.A.6, 132 F.2d 405, 407. An interest… …   Black's law dictionary

  • future interests — Interests in real or personal property, a gift or trust, or other things in which the privilege of possession or of enjoyment is in the future and not present. Commissioner of Internal Revenue v. Wells, C.C.A.6, 132 F.2d 405, 407. An interest… …   Black's law dictionary

  • Interest Rate Swap — An agreement between two parties (known as counterparties) where one stream of future interest payments is exchanged for another based on a specified principal amount. Interest rate swaps often exchange a fixed payment for a floating payment that …   Investment dictionary

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