life interest


noun

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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Mississippi’s nickname comes from the magnificent trees that grow there. What is it?
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British Dictionary definitions for life interest

life interest

noun

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