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Simple English definitions for legal terms
expectant right
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A quick definition of expectant right:
Expectant right is a type of right that depends on certain conditions being met in the future. It is a right that may or may not exist depending on what happens later on. For example, if someone has the right to inherit money from a relative, but that relative is still alive, then it is an expectant right because it depends on the relative passing away. It is like waiting for something to happen before you can have the right.A more thorough explanation:
An expectant right is a type of right that depends on the continued existence of present conditions until some future event occurs. It is also known as a contingent right.
For example, a person may have an expectant right to inherit property from a relative who is still alive. The right to inherit is contingent on the relative's continued existence until their death.
Another example is a person's right to receive a settlement payment from a lawsuit. The right is contingent on the outcome of the lawsuit and the successful collection of the settlement amount.
Overall, an expectant right is a type of right that is not yet fully realized and is dependent on certain conditions being met in the future.