Legal Dictionary of Pakistan

Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.

estate in expectancy

See FUTURE INTEREST.

expectancy

n. 1. Property. An estate with a reversion, a remainder, or an executory interest. 2. Wills & estates. The possibility that an heir apparent, an heir presumptive, or a presumptive next-of-kin will acquire property by devolution on intestacy, or the possibility that a presumptive legatee or devisee will acquire property by will. 3. Insurance. The probable number of years in one's life. See LIFE EXPECTANCY.

expectancy damages

See expectation damages under DAMAGES.

expectancy table

See ACTUARIAL TABLE.

life expectancy

1 The period for which a person of a given age and sex is expected to live, according to actuarial tables. 2. The period for which a given person is expected to live, taking into account individualized characteristics like heredity, past and present diseases, and other relevant medical data. See ACTUARIAL TABLE; LIFE TABLE. life-holdSee life land under LAND.

naked expectancy

See naked possibility under POSSIBILITY.

price expectancy

See EXHIBITION VALUE.