executory interest

== English == === Noun === executory interest (plural executory interests) (law) A third-party interest in an estate in land created by the conditions of a grant wherein the grantor gives the land to a second party, but with said land going to a third party upon the occurrence of a condition; an interest created subject to a fee simple subject to executory interest. ==== Related terms ==== defeasible fee fee simple subject to executory interest fee simple subject to executory limitation shifting executory interest springing executory interest