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)

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 ?
As not all of the persons exposed to a trauma overpassing the common degree of severity and expectance of human experiences realize the clinical picture of post-traumatic stress disorder, a differential diagnosis is done, relative to other affective and anxious disorders, by using the criteria of inclusion and exclusion of international nomenclature, for instance DSM-IV-TR.
In the terminal hexanucleotides the sequences TTTxAG and xTGCAG were overexpressed, and accordingly TTTCAG, TTTTAG, and CTGCAG were more expressed than the random expectance. These three sequences are the most frequently expressed terminal hexanucleotides (Table 4).
If the communication step fails, the resulting software tends to be unfitted to satisfy the necessities and expectance of the client.
Members of Sewa Shakti project in the city and youngsters from the Hindu Swayemsevak Sangh Coventry played their part in Sewa Day, which promotes voluntary work without expectance of reward.
Despite the Claimant protocols and the Foreign Exchange and Cheque Expectance Procedure, requiring confirmation from the bank that proceeds of cheques are received and credited to the Claimant account prior to the bank drafts being delivered, the Branch Manager drew the drafts in excess of his personal limit and did not wait until the cheque cleared prior to forwarding the drafts to the receiver.
(RG) George North v Chris Ashton While they may not line up directly opposite each other they will both have the same sort of expectance but on their shoulders.
According to the author, the Fully Funded works in an environment similar to XIX century, where expectance of life Is low and pyramid of population is broader In the base.
Lieutenant Colonel Dave Grossman makes the essential point in his book On Killing: The resistance to the close--range killing of one's own species is so great that it is often sufficient to overcome the cumulative influences of the instinct for self--protection, the coercive forces of leadership, the expectance of peers, and the obligation to preserve the lives of comrades.
South Africa Country Information Population: 49 million Urban population: 62% Life expectance: 50 years Literacy rate: 86.5% Internet users: 4.4 million (2009) Source: The World Factbook, 2012: CIA.
A speaker at the upcoming marcus evans Private Wealth Management APAC Summit 2012, in Macao, China, 29 - 31 October, Menegatti discusses the expectance of a deleveraging cycle in the global economy and what assets private wealth managers in the region should focus on.
* The average life expectance in the United States was less than 74 years Now it's nearly 79.
Here [bar.[rho]]m is the expectance of [[rho].sub.x] ([f.sub.r], [t.sub.m]) at the slow time [t.sub.m] and [[gamma].sub.0] the weighting constant.