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life interest

noun
  1. 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.
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Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

Examples from the Web for life interest

Historical Examples

  • To his elder son he left only a life-interest in Ballawhaine.

    The Manxman

    Hall Caine

  • His life-interest in it would be worth ten or twelve years' purchase.

    Can You Forgive Her?

    Anthony Trollope

  • The widow received a life-interest only in a portion of the testator's property.

    No Name

    Wilkie Collins

  • "I now possess what is called a life-interest in my husband's fortune," she said.

    Little Novels

    Wilkie Collins

  • Even though the estate might be entailed so as to give him no more than a life-interest, still money might be raised on it.

    Can You Forgive Her?

    Anthony Trollope


British Dictionary definitions for life interest

life interest

noun
  1. interest (esp from property) that is payable to a person during his life but ceases with his death
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012