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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.


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)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
The Board of Directors of Indus Motor Company (INDU) is expected to announce FY19 results on August 27, 2019.
Women are more optimistic about their financial futures than men are: 11.7% of women expect a significant improvement and 33% expect modest improvements, compared to 10.3% of men expecting significant improvements and 20.2% expect modest improvements.
Employers in the Fayetteville-Springdale-Rogers area also expect to hire at a moderate pace, as do Fort Smith-area employers.
Some 37 percent of the respondents expected economic conditions to get worse in 2009, with 23 percent expected them to stay the same and 33 percent expect them to get better.
Both large and small manufacturers expect an increase in pricing power.
The FASB is currently redeliberating the proposal, but we expect to have a final statement early in 2006, with a likely implementation date later in the year.
A recent study by independent market analyst Datamonitor said that for the first time, insurers' spending on external technology solutions is expected to outpace internal IT spending.
Kyocera now expects consolidated operating profit for FY3/2005 to decline by 13 percent to [yen]95 billion, short of the initial projection by [yen]40 billion.
"We expect to do this through some of our strongest industries, which include tourism, forestry, agro-industrial mining, apparel, and textiles."
The construction machinery market is expected to end the year with sales growth followed by more moderate gains in 2005, according to the annual outlook forecast of the Association of Equipment Manufacturers (AEM), Milwaukee, Wis.
Given the investments needed to qualify for the advanced approaches of the Framework, the Agencies believe that it would be prudent for banking organizations that expect to adopt the Framework on or near the effective date to begin planning their implementation efforts.
While overall sales for 2002 at IBM are expected to be off about 7%, most analysts expect the company to report earnings growth in 2003.