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 ?
Read: (http://www.ibtimes.com/us-life-expectancy-fell-01-2015-first-1993-cdc-data-shows-2457048) US Life Expectancy Fell 0.1% In 2015
In Birmingham, healthy life expectancy for men is 58 years and for women it is 58.8 years.
For newborn baby girls, life expectancy was highest in Chiltern (86.7 years) The inequality between local areas with the highest and lowest newborn life expectancy has increased despite improvements across local areas over the last two decades.
Overall life expectancy for an HIV-positive 20-year-old rose from 56.1 years in 2000-2002 to 65.2 years in 20032005 and to 71.4 years in 2006-2007.
This analysis was taken a step further to calculate the non-dichotomous accuracy of life expectancy predictions by calculating the deviance of each prediction in relation to the actual survival of each case.
We used the risk estimates in standard, complete life tables to calculate life expectancy for black and white men and women in each state (Preston, Heuveline, and Guillot 2001).
However, the United States ranks 30th in life expectancy, despite spending more on health care than any other country, notes the group, which is affiliated with the Social Science Research Council.
She said the life expectancy gaps affected much of Merseyside, but Wirral with its extremes between very affluent and very deprived areas, shows "very stark differences".
There are also significant differences in life expectancy between men and women in most countries, with women typically outliving men by around five years.
Wales has seen the smallest gain in life expectancy of any of the countries in the UK in recent years.
In fact total life expectancy dropped slightly at 78.3 years for men and 82.2 years for women in 2015-17 too.