noun
Meaning 1
An estate in land which is given by a grantor to a party only for the duration of the life of a third party, and for which ownership will revert to another upon the death of that third party.
Definition source: English Wiktionary via Wiktextract
Topics: law
Examples
- Joe gives property "to Mike for the life of Bob"; Joe has created a life estate pur autre vie for Mike, but when Bob dies, the property automatically reverts to Joe.
Meaning relationships
Synonyms: none provided
Antonyms: none provided