Executory interests financial definition of Executory interests
executory interest (redirected from Executory interests)
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A general term used to describe all future interests other than reversions or remainders; an interest that will shift from one owner to another or spring into being upon the happening of some event in the future.
References in periodicals archive
It has been proposed that courts have concluded that a "restrictive covenant is an interest in property that cannot be rejected" and that "trustees will be unable to enhance the value of property by rejecting restrictive covenants or executory interests
that impair the marketability of the property, pursuant to 11 U.