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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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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples 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

noun
1.
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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Word Value for life

7
8
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