Expectancy
A Law Dictionary, Adapted to the Constitution and Laws of the United States · John Bouvier · 1839
A Law Dictionary, Adapted to the Constitution and Laws of the United States
estates, signifies having a relation or dependence upon something future. Estates are of two sorts, either in possession, sometimes called estates executed; or in expectancy, which are exécutory. Expectancies are, first, created by the parties, called a rematnder; or by act of law, called a reversion.