life interest
1life interest — see interest 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. life interest n …
2Life 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.… …
3life interest — n. interest (in property) that is payable during a person s lifetime, but which cannot be passed on to another at death …
4Life 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… …
5life 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… …
6life-interest — lifeˈ inˈterest noun An interest lasting during a life • • • Main Entry: ↑life …
7life 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. * * * …
8life 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 …
9life 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 …
10life interest — noun Law a right to property that a person holds for life but cannot dispose of further …
