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