estates. Having a relation to or dependence upon something future. 2. Estates are of two sorts, either in possession, sometimes called estates executed; or in expectancy, which are executory. Expectancies are, first, created by the parties, called a remainder; or by act of law, called a reversion. 3. A bargain in relation to an expectancy is, in general, considered invalid. … [Read more...]

Accounting term; money expended for the current operation of the business, e.g. rent, utilities, salaries, etc. as opposed to the long term investments in the business, which are referred to as capital expenditures. … [Read more...]

Having relation to, or depending upon something; this word is frequently used in connexion with fee, as fee expectant. … [Read more...]

An ancient writ to prohibit the sheriff from levying any allowance for knights of the shire upon those who held lands in ancient demesne. Reg. Orig. 261. Experientia per varios actns legem facit. Magistra reran experientia. Co. Litt 60. Experience by various acts makes law. Experience is the mistress of things. … [Read more...]

An heir who is expected to inherit a property even when no will is made. … [Read more...]