estate in expectancy

1 definition found

estate in expectancy - Collaborative International Dictionary of English v.0.48 :

  Expectance \Ex*pect"ance\, Expectancy \Ex*pect"an*cy\, n.
     1. The act of expecting; expectation. --Milton.
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     2. That which is expected, or looked or waited for with
        interest; the object of expectation or hope.
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              The expectancy and rose of the fair state. --Shak.
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     Estate in expectancy (Law), one the possession of which a
        person is entitled to have at some future time, either as
        a remainder or reversion, or on the death of some one.
        --Burrill.
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