future interest
A property interest in which the privilege of possession or of other enjoyment is future and not present.? A future interest can exist in either the grantor (as with a reversion) or the grantee (as with a remainder or executory interest). Today, most future interests are equitable interests in stocks and debt securities, with power of sale in a trustee.
¡ª Also termed future estate; expectant estate; estate in expectancy; nonpossessory estate. Cf. present interest under INTEREST(2). [Cases: Estates in Property 1. C.J.S. Estates ¡ì¡ì 2¨C5, 8, 15¨C21, 116¨C128, 137, 243.]
What is the preferred translation of the term future interest by Chinese lawyers?
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