springing interest

Definition of "springing interest"
  1. A future claim to property activated at a particular time or upon a specific event, such as the conditions outlined in a will or deed
How to use "springing interest" in a sentence
  1. While she had the right to use the property for life, her niece held a springing interest.
  2. The springing interest in a will can redirect ownership of a property after a specified occurrence.
  3. Robert's deed contained a clause for springing interest, handing the property to children upon his passing.

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