Expectancy

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Expectancy

A mere hope, based upon no direct provision, promise, or trust. An expectancy is the possibility of receiving a thing, rather than having a vested interest in it.

The term has been applied to situations where an individual hopes and expects to receive something, generally property or money, but has no founded assurance of possession. A person named in a will as an heir has only an expectancy to inherit under the will, since there exists a possibility that the will may be altered so as to disinherit him or her.

expectancy

n. a possibility of future enjoyment of something one counts on receiving, usually referring to real property or the estate of a deceased person, such as a remainder, reversion, or distribution after the death of someone who has use for life. (See: remainder, reversion, distribution)

See: claim, expectation, likelihood, outlook, possibility, prospect, remainder, right

EXPECTANCY, estates. Having a relation to or dependence upon something future.
     2. Estates are of two sorts, either in possession, sometimes called estates executed; or in expectancy, which are executory. Expectancies are, first, created by the parties, called a remainder; or by act of law, called a reversion.
     3. A bargain in relation to an expectancy is, in general, considered invalid. 2 Ves. 157; Sel. Cas. in Ch. 8; 1 Bro. C. C. 10; Jer. Eq. Jur. 397.

References in periodicals archive ?
Redcar and Cleveland had the best life expectancy for baby boys on Teesside at 78.
A Liverpool woman aged 65 today can expect to live four years longer than their granddaughter, with an average life expectancy of just over 84.
East Dunbartonshire had the highest life expectancy at 80.
most of the gain in life expectancy is happening at the older age.
It means men in South Tyneside might expect to die six years sooner than those in South Cambridgeshire, which has the highest male life expectancy in the country at 83 years.
An important reason why global life expectancy has improved so much is that fewer children are dying before their fifth birthday," Margaret Chan, WHO director general said in a statement.
The top six countries where life expectancy increased the most were Liberia which saw a 20-year increase (from 42 years in 1990 to 62 years in 2012) followed by Ethiopia (from 45 to 64 years), Maldives (58 to 77 years), Cambodia (54 to 72 years), Timor-Leste (50 to 66 years) and Rwanda (48 to 65 years).
New Zealand men ranked sixth overall with a life expectancy of 80.
Bulgarian authorities mull tying the retirement age to the life expectancy.
The researchers used death rates recorded in the NA-ACCORD database to estimate life expectancy.
Over the last 30 years life expectancy at birth for boys and girls has increased by four hours per day for females and six hours per day for males, the Office for National Statistics (ONS) figures showed.