life interest

American  

noun

1. interest on property that is payable during the owner's lifetime but cannot be passed on to another or others after the owner's death.

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life interest British  

noun

1. interest (esp from property) that is payable to a person during his life but ceases with his death

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Example Sentences

See Examples For:

life interest

Mr Farquhar had changed his will, naming Field as the main beneficiary and giving him a life interest in his house as well as half share in the property with Mr Farquhar's brother Ian.

From BBC ● Aug. 21, 2023

Mr Farquhar changed his will, naming Field as the main beneficiary and giving him a life interest in his house.

From BBC ● Jul. 19, 2023

When he abdicated, Edward demanded his brother buy him out of his life interest in the Balmoral and Sandringham estate for a tidy sum.

From The Guardian ● Jan. 9, 2020

Before his death, Mr Farquhar had changed his will, giving Field a life interest in his house.

From BBC ● Aug. 9, 2019

In 1792 he removed to Boston with his family, and lived in the homestead on Batterymarch Street, which because of his mother's life interest, had not been confiscated.

From The Loyalists of Massachusetts And the Other Side of the American Revolution by James H. Stark