terminable interest
- noun
- /ˈtɜːrmɪnəbl ˈɪntrəst/
- Formal
:
interés rescindible
- The terminable interest expires after five years.
Examples
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His lawyer explained that a terminable interest means he won't have rights to the property forever.
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A trust may grant a terminable interest to a spouse, which ends upon remarriage or death.
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Under the will, she received only a terminable interest in the estate, not outright ownership.
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A terminable interest can be created in a lease agreement.
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A Qualified Terminable Interest Trust ensures that your spouse receives income from the trust while allowing you to control how assets are distributed after their death.
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In estate planning, establishing a terminable interest can help manage the distribution of property after certain events occur.
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The attorney explained that a terminable interest is an important component of trusts, as it defines when the beneficiary's rights to the property will cease.
Antonyms
How Permanent
Surface Forms
Morphology
The phrase is directly compositional: 'terminable' means able to be ended and 'interest' means a right or stake, so the combined meaning 'a right that can be ended' is predictable from the parts. Although the phrase is formal/legal, its semantics follow regular English composition patterns and would be understandable to a B1 learner who knows both constituent words.
Etymology
The term terminable interest comes from the words terminable, meaning 'can end', and interest, meaning a person's right in property. Imagine a lamp on a timer: the light, the right, goes out when the time is up, so a terminable interest is a right that 'ends' at a set time or when a certain event happens.