expectancy

expectancy
That which is expected or hoped for. 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, called a "remainder;" the other by act of law, called a "reversion."
Expectancy as applied to property, is contingency as to possession, that which is expected or hoped for. At most it is a mere hope or expectation, contingent upon the will and pleasure of the landowner, and hardly reaches the height of a property right, much less a vested right, because where there is no obligation, there is no right. It is a possibility for which a party may under certain circumstances properly hope for or expect
@ expectancy of life
With respect to life annuities, the share or number of years of life which a person of a given age may, upon an equality of chance, expect to enjoy.
- mortality tables
@ expectancy tables
- mortality tables
@

Black's law dictionary. . 1990.

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  • expectancy — ex·pec·tan·cy n pl cies: something expected: as a: an interest held by a person who may receive something (as a bequest) in the future but has no enforceable right to it b: the benefit that will be received from a contract if performed Merriam… …   Law dictionary

  • expectancy — ex‧pec‧tan‧cy [ɪkˈspektənsi] noun [uncountable] HUMAN RESOURCES the amount of effort an employee believes will be necessary to do his or her job. Expectancy is important to managers because, by knowing about it, they know what they have to do to… …   Financial and business terms

  • expectancy — [ek spek′tənsek spek′tən sē, ikspek′tən sē] n. pl. expectancies [ML expectantia < L expectans: see EXPECTANT] 1. an expecting or being expected; expectation 2. that which is expected, esp. on a statistical basis [life expectancy]: Also… …   English World dictionary

  • expectancy — 1590s, from L. expectantia (see EXPECTANT (Cf. expectant)) + ANCY (Cf. ancy) …   Etymology dictionary

  • expectancy — [n] anticipation assumption, assurance, belief, calculation, confidence, conjecture, expectation, hope, likelihood, looking forward, outlook, prediction, presentation, presentiment, presumption, probability, prospect, reliance, supposition,… …   New thesaurus

  • expectancy — ► NOUN (pl. expectancies) 1) hope or anticipation that something will happen. 2) something expected …   English terms dictionary

  • expectancy — noun (plural cies) Date: 1600 1. a. the act, action, or state of expecting < the strange expectancy that getting on any train gives us John Updike > b. the state of being expected < occurs with an expectancy slightly greater than usual > 2. a.… …   New Collegiate Dictionary

  • expectancy — That which is expected or hoped for. 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… …   Black's law dictionary

  • Expectancy — Expectance Ex*pect ance, Expectancy Ex*pect an*cy, n. 1. The act of expecting; expectation. Milton. [1913 Webster] 2. That which is expected, or looked or waited for with interest; the object of expectation or hope. [1913 Webster] The expectancy… …   The Collaborative International Dictionary of English

  • expectancy — [[t]ɪkspe̱ktənsi[/t]] N UNCOUNT Expectancy is the feeling or hope that something exciting, interesting, or good is about to happen. → See also life expectancy The supporters had a tremendous air of expectancy. Syn: anticipation …   English dictionary

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