Business, Legal & Accounting Glossary
A right to property that cannot be enforced in the present, but only at some time in the future. For example, John’s will leaves his house to his sister Marian, but only after the death of his wife, Hillary. Marian has a future interest in the house.
n. a right to receive either real property or personal property some time in the future, either upon a particular date or upon the occurrence of an event. Typical examples are getting title upon the death of the person having present use, outliving another beneficiary, reaching maturity (age 18) or upon marriage.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Future Interest are sourced/syndicated and enhanced from:
This glossary post was last updated: 28th April, 2020 | 0 Views.