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 ?
The figures show how much life expectancy can shrink within a small distance.
The report shows that deprivation has a strong effect on life expectancy with people who live in more deprived areas expected to live shorter lives than those in less deprived areas.
This comes in startling contrast to the bottom end of Allerton Road, where healthy life expectancy slumps to just 57 for men.
People ages 100 and older, for example, saw their average life expectancy fall to 2.
0918) the study , Laura Dwyer-Lindgren, a researcher at IHME, explained: "Looking at life expectancy on a national level masks the massive differences that exist at the local level, especially in a country as diverse as the United States.
Girls in the south east will live for 84 years on average, and their healthy life expectancy is 66.
From 2012 to 2014, life expectancy for newborn baby boys was highest in Kensington and Chelsea (83.
According to the report, Liberia saw a biggest 20-year life expectancy increase worldwide, followed by Ethiopia, Maldives, Cambodia.
Children born in 2012 have a life expectancy six years longer than children born in 1990 as treatment for many serious diseases has improved.
But life expectancy has not been closely studied in large HIV groups across the United States and Canada.
Researchers took observed death rates during this period and calculated that the life expectancy for patients aged 20-24 years with type 1 diabetes was about 45 years for men and 47 years for women, respectively 11 and 14 years less than the life expectancy of an average Scottish man or women aged 20-24 years without diabetes.