Estate in expectancy

Definition of Estate in expectancy

One which is not yet in possession, but the enjoyment of which is to begin at a future time. An estate giving a present or vested contingent right of future enjoyment. One in which the right to pernancy of the profits is postponed to some future period. Such are estates in remainder and reversion.

That's the definition of Estate in expectancy in Black's Law Dictionary 6th Edition. Courtesy of Cekhukum.com.