Definitions from Black's Law Dictionary: 2nd Edition and Ballentine's Law Dictionary as are available for each term in each dictionary.
  • Black's Law Dictionary: 2nd Edition

    To await; to look forward to something intended, promised or likely to happen. Atchison, etc., R. Co. v. Hamlin, 67 Kan. 476, 73 Pan. 58.
    —Expectancy. The condition of being deferred to a future time, or of dependence upon an expected event; contingency as to possession or enjoyment. With respect to the time of their enjoyment, estates may either be in possession or in expectancy ; and of expectancies there are two sorts,
    —one created by the act of the parties, calied a "remainder;" the other by act of law, calied a "reversion." 2 Bl. Comm. 163.
    —Expectant. Having relation to, or dependent upon, a contingency.
    —Expectant estates. See Estate in Expectancy.
    —Expectant heir. A person who has the expectation of inheriting property or an estate, but small present means. The term is chiefly used in equity, where relief is afforded to such persons against the enforcement of "catching bargains," (q. v.) Jeffers v. Lampson, 10 Ohio St. 106; Whelen v. Phillips, 151 Pa. 312, 25 Atl. 44; In re Robbins' Estate, 199 Pa. 500, 49 Atl. 233.
    — Expectant right. A contingent right, not vested; one which depends on the continued existence of the present condition of things until the happening of some future event. Pearsall v. Great Northern RCo... 161 U. S. 646, 16 Sup. Ct. 705, 40 1. Ed. 838.
    —Expectation of life, in the doctrine of life annuities, is the share or number of years of life which a person of a given age may, upon an equality of chance, expect to enjoy. Wharton.