executory limitation

Definition of "executory limitation"
  1. A stipulation that forms an executory interest, which is a future interest that will be established upon the fulfillment of a certain condition
How to use "executory limitation" in a sentence
  1. The will included an executory limitation, only allowing the beneficiaries to claim their portion of the inheritance if they completed college.
  2. The trust had an executory limitation in place, requiring the funds to be used exclusively for the beneficiary's medical expenses.
  3. Due to the executory limitation in the contract, the ownership of the property would not transfer until all debts associated with it were settled.

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