Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

terminable interest

Read a random definition: formula instruction

A quick definition of terminable interest:

A terminable interest is a type of legal claim or right to property that can be ended or terminated under certain conditions. It means that the person holding the interest can only enjoy it for a limited time or until a specific event occurs. For example, if someone has a terminable interest in a trust, they may only receive income from it until a certain date or until they reach a certain age.

A more thorough explanation:

A terminable interest is a legal share in something that is subject to a condition that will cause it to end or terminate. This means that the holder of the interest will only enjoy it for a limited time or until a specific event occurs.

For example, a person may have a terminable interest in a property that will end upon their death or the expiration of a lease. Another example is a trust that provides income to a beneficiary for a certain period, after which the interest terminates and the trust property is distributed to other beneficiaries.

These examples illustrate how a terminable interest is a temporary or limited right that is subject to a condition or event that will cause it to end. It is important to understand the terms and conditions of any interest before accepting it to avoid any misunderstandings or legal issues.

term for years | terminable property

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
babycat
19:43
We sharing Goodreads on here?
1a2b3c4d26z
19:43
jurassic park unironically good
1a2b3c4d26z
19:43
crime and punishment top 1
1a2b3c4d26z
19:43
im okay with being called basic for that one
2big2fail
19:44
im gatekeeping my current book
Dkk
19:44
@2big2fail: looks like an Aristotle wannabe.
2big2fail
19:44
whatever. im just reading the financial times
1a2b3c4d26z
19:44
ft goated
concorde
19:45
I hate Dostoevsky
2big2fail
19:45
studying cloud computing, not the cloud of unknowing
babycat
19:45
@1a2b3c4d26z: serotonin is my fave houellebecq
1a2b3c4d26z
19:45
chefs kiss mwah
2big2fail
19:45
i honestly dont understand why people like houellebecq
1a2b3c4d26z
19:45
I'll try to describe how I feel about him
2big2fail
19:46
my favorite french authors are balzac and proust, as basic as that is
1a2b3c4d26z
19:46
basically I read his book and the whole time I read it I liked it so I finished it and I said hm I liked that book written by the author houellebecq
1a2b3c4d26z
19:46
balzac hahaha
2big2fail
19:46
lost illusions is goated
does it take longer to hear back if u applied to scholarships for schools like ucla???
Dkk
19:47
For Houellebecq I have only read https://en.wikipedia.org/wiki/Atomised
JumpySubsequentDolphin
19:47
you guys should read averroes
also do we think ucla wont do a wave tmw cuz they did a tiny one tonight, can schools do 2 days ina. row
JumpySubsequentDolphin
19:47
perhaps read the incoherence of philosophy first and then read averroes’ response: “the incoherence of the incoherence”
2big2fail
19:47
@Dkk: i read that one. just thought it was boring and not really in touch with reality
JumpySubsequentDolphin
19:47
SPLITTY usually they’re Friday!
Dkk
19:48
@2big2fail: I agree.
HUH then what the heck is this wave tonight ab are they tryna give us an attack???
babycat
19:49
@texaslawhopefully: don’t really remember it but my ibooks library says i read it in 2020. that whole year is a haze.
Dkk
19:51
My favorite book though, The Good Morty: https://archive.org/details/TheGoodMorty
LSD+ is ad-free, with DMs, discounts, case briefs & more.