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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.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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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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7
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