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Thesaurus: fee simple subject to executory interest
fee simple subject to executory interest (plural fee simples subject to executory interest) (law) A defeasible fee created with clear durational language expressing a condition (e.g. "so long as", "until", "while") which…
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Definitions
- fee simple subject to executory interest (plural fee simples subject to executory interest) (law) A defeasible fee created with clear durational language expressing a condition (e.g. "so long as", "until", "while") which causes ownership of a property to revest in a third party identified by the grantor if that condition comes about.