Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
descendibility of future interests
The legal possibility that a future interest (such as a remainder or an executory interest) can legally pass by inheritance.
future interest
A property interest in which the privilege of possession or of other enjoyment is future and not present. ( A future interest can exist in either the grantor (as with a reversion) or the grantee (as with a remainder or executory interest). Today, most future interests are equitable interests in stocks and debt securities, with power of sale in a trustee. - Also termed future estate; estate in expectancy. Cf. present interest under INTEREST (2).
future interest.
See FUTURE INTEREST.