life interest

life interest
life interest
interest (in property) that is payable during a person's lifetime, but which cannot be passed on to another at death

English World dictionary. . 2014.

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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 — 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 — 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. * * * …   Universalium

  • 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

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