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life interest

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. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for life interest
  • Property that was transferred with the decedent retaining a life interest is taxable.
  • The lack of findings related to the central life interest variable can be explained by a poor measuring instrument.
British Dictionary definitions for life interest

life interest

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
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