- 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.
Examples from the Web for life interest
Historical Examples of life interest
To his elder son he left only a life-interest in Ballawhaine.The Manxman
His life-interest in it would be worth ten or twelve years' purchase.
The widow received a life-interest only in a portion of the testator's property.No Name
"I now possess what is called a life-interest in my husband's fortune," she said.Little Novels
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.
- interest (esp from property) that is payable to a person during his life but ceases with his death