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executory interest |
Also found in: Financial, Wikipedia | 0.02 sec. |
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executory interest n. an interest in property (particularly real estate) which will only pass to another in the future, or never, if certain events occur. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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2032A-8(c)(2) defines such parties to include owners of remainder and executory interests, joint tenants and holders of other undivided interests in the property, and trustees of trusts holding interests in such properties. |
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