adj. Now existing; at hand; relating to the present time; considered with reference to the present time. Present enjoyment. The immediate or present possession and use of an estate or property, as distinguished from such as is postponed to a future time. Present estate. An estate In immediate possession; one now existing, or vested at the present time; as distinguished from a future estate, the enjoyment of which is postponed to a future time. Present Interest. One which entitles the owner to the immediate possession of the property. Civ. Code Mont 1895, f 1110; Rev. Codes N. D. 1899,