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 ?
On average, life expectancy at birth increased across all local areas in England and Wales by 1.
We also presented seven case summaries and asked respondents to provide their estimation of life expectancy based on the information provided.
A comparison of respondents' estimates of personal life expectancy with population life expectancy demonstrates that more than half of retirees think they will not live as long as the average person of their age and sex (54%).
In 2010, the longest life expectancy at age 65 was observed in France (23.
To explore the prevalence and patterns of racial disparities at the state level, we calculated life expectancy by race and sex for 50 states and the District of Columbia (DC).
According to a 2005 Health Canada study, the life expectancy for a First Nations man is 68.
We need to monitor life expectancy, the diabetes rate and other vital health indicators with the same intensity we apply to baseball statistics and stock market gyrations," the study stresses.
A report to be presented to Wirral Council's cabinet tomorrow also said Wirral was not on track to meet its life expectancy target.
Currently, the worldwide life expectancy for all people is 64.
For the same reasons described by Swanson (1992), Swanson and McGehee (1996), we use a regression-based technique to estimate life expectancy (Swanson, 1989).
And Ireland ranks 12th in Europe for male life expectancy and 16th for women.
Life expectancy of HIV-positive people receiving combination antiretroviral therapy has increased substantially since the introduction of this treatment strategy in 1996, according to results of a study conducted among 14 cohorts in developed countries.