future interest(redirected from Determinable interest)
Also found in: Legal.
In real estate, ownership of a property without the right to use it at present. For example, the owner of an apartment has a future interest if she rents it to a tenant. She may own the apartment, but the tenant has the right to live there. Generally, the owner may enter without permission or at least prior notice.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Interest in land in which the possession and enjoyment are deferred until a future date.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.