LIFE INTEREST

By SovConn | June 15, 2013

life interest.An interest in real or personal property measured by the duration of the holder’s or another named person’s life. See life estate under ESTATE(1). [Cases: Life Estates 1. C.J.S. Estates §§ 28–29, 31, 34.]
[Blacks Law 8th]

Posted in Law Dictionary Definitions