- life interest
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interest on property that is payable during the owner's lifetime but cannot be passed on to another or others after his or her death.
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Universalium. 2010.
life interest
Look at other dictionaries:
life interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. life interest n … Law dictionary
Life interest — Life Life (l[imac]f), n.; pl. {Lives} (l[imac]vz). [AS. l[imac]f; akin to D. lijf body, G. leib body, MHG. l[imac]p life, body, OHG. l[imac]b life, Icel. l[imac]f, life, body, Sw. lif, Dan. liv, and E. live, v. [root]119. See {Live}, and cf.… … The Collaborative International Dictionary of English
life interest — n. interest (in property) that is payable during a person s lifetime, but which cannot be passed on to another at death … English World dictionary
Life interest — A life interest (or life rent in Scotland) is some form of right under a trust which lasts only for the lifetime of the person benefiting from that right. A person with a life interest is known as a life tenant.A life interest ends when the life… … Wikipedia
life interest trust — A type of private trust where the life tenant is entitled to receive for life or a fixed period all or a fixed share of the income generated by the trust fund. On his death, the right to trust income will pass to another or the trust may come to… … Law dictionary
life-interest — lifeˈ inˈterest noun An interest lasting during a life • • • Main Entry: ↑life … Useful english dictionary
life interest — An interest in property which is to terminate upon the death of the holder of the interest, or upon the death of some other designated person. See life estate … Ballentine's law dictionary
life interest — /laɪf ˈɪntrəst/ (say luyf intruhst) noun an entitlement, lasting for one s lifetime only, to benefits, dividends or interest from an investment, property, etc …
life interest — noun Law a right to property that a person holds for life but cannot dispose of further … English new terms dictionary
life interest — noun see life estate … Useful english dictionary
