life interest
Noun
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Noun
life interest (plural life interests)
- (law) A right, typically in the form of regular income, that lasts for the lifetime of the person benefiting from that right.
- life rent (Scotland)
- German: Leibrente
This text is extracted from the Wiktionary and it is available under the CC BY-SA 3.0 license | Terms and conditions | Privacy policy 0.002