An executory interest that follows an interest that the grantor held.
See: Future Interest
property law
springing interest
Springing interest is an interest in property where the person owns the property after something occurs or at a specified time. Springing interests often appear in wills and estates where a person inherits property only after something occurs...
Stambovsky v. Ackley
Stambovsky v. Ackley
PartiesAppellant/Plaintiff: Jeffrey M. Stambovsky
Respondent/Defendant: Helen V. Ackley et al.
Court and DateAppellate Division 1st Department of the Supreme Court...
statutory share
Statutory share (also called forced, elective, or spousal share) refers to the amount state laws entitle a spouse or other person to regardless of what is in a will. Usually, statutory share will refer to the amount a person will be able to...
straw man
Straw man is a third party that holds property in intermission for the sole purpose of transferring it to another. In property law, a straw man would be the person whom a grantor transfers land to for some reason; (sometimes known as a "front...
subject to a condition subsequent
An estate that has a natural duration that may be cut short once a particular event or condition happens that allows the grantor to take the property back. The particular event is part of the grantor's future interest rather than part of the estate...
subject to partial divestment
See subject to open.
sublease
A sublease is a lease by the lessee of an estate to a third person, conveying all or part of the estate for a shorter term than that for which the lessee holds originally. A sublease is a new contract between the lessee and the sublessee. The...
subprime mortgage
A subprime mortgage is a subprime loan used as a mortgage (to buy property, such as a house).
See also: debt, credit score
[Last updated in June of 2022 by the Wex Definitions Team]
subtenant
See the definition for sublessee in sublease.
[Last updated in August of 2021 by the Wex Definitions Team]